Watch List notes:

Caracas, Venezuela, 2 reales, Ferdinand VII, "1818" date (struck in 1830, the date rendered with 1R-sized digits), two rosettes instead of F-7, lions at top left and bottom right, struck over a Madrid, Spain, "de vellon" 4 reales, 1823SR, very rare, encapsulated NGC MS 61, ex-Leo Mooy. 5.42 grams Attractively toned and clearly devoid of wear, also with lots of the host coin showing, including GRACIA DE DIOS Y LA CONST plus the faint 1823 date in addition to almost the whole crown and Madrid mintmark and assayer letters, an interesting combination in that the "de vellon" 4R host was below the prescribed colonial 2R weight standard of 6.8 grams. The Venezuela re-issue of 1830, identified by quatrefoils instead of F-7 flanking the cross, was not dated as such but instead allowed the date of 1818 flanked by B and S to remain prominent with CARACAS below. This choice piece, likely emanating from the same famed Pena collection as the Colombia 1819 revolutionary piece in this auction (lot #1299), is clearly among the finest known, far superior to pieces offered in the last two or three years. Acquired from Leo Mooy of Caracas.

Estimate: $2500 - 3750