Watch List notes:

Caracas, Venezuela, 1/4 real, 1822, variety with 27 medium (neat) rays, brockage error, very rare. KM-C31; Stohr-13. 0.45 gram. Toned VG, slight off-center and uneven strike (typical), with interesting brockage error showing incuse "1822" and "VE" (from obverse) on reverse. (Estimate: $700 - 1000)