Watch List notes:

Brazil, 1/4-cut "balastraca" 100 reis (1864-70) cut from a mainland Spain bust 2 reales of Charles IV, with countermark "100" on obverse, rare. Russo-665. 1.27 grams. Like the previous lot, this was an emergency coinage created during Brazil's war with Argentina and Uruguay (the "Triple Alliance") against Paraguay, with bold and deep countermark (XF) on Fine host with top of king's head visible, twelve sharp (but uneven) teeth in the cut, nicely toned.
(150 - 225 USD)