Watch List notes:

San Salvador, El Salvador, 1 real, 1835, "POR LA LIBERTAD DEL SAL," encapsulated NGC XF 40, ex-Richard Stuart (designated on label). KM-18.9. Off-center strike with some weakness near rims but otherwise bold and with colorful toning over muted luster (reduced fineness of 0.7 silver), minimal marks (looks more like AU 50 to us). NGC #4427735-008. Pedigreed to the Richard Stuart collection.
($400-600)