Watch List notes:

Republic 1/2 Balboa 1933, KM12.1, MS65 NGC, a superb and fully original example with sharply defined features and aged toning. The example in the Whittier Collection was MS63 and brought $575; this piece is well superior. Very rare quality and perhaps the finest known. Krause catalog price(s) for this item: $18 in VF, $50 in EF, $300 in UNC, $500 in BU.

Estimate: 800.00-1200.00 USD