Watch List notes:

Caracas, Venezuela, 1 real "imitation cob," date as 721 (early 1800s), rare, NGC VF 35. KM-C12. 2.36 grams. Bold strike on smallish flan, deeply toned (more like XF in our opinion), cross slightly off-center with lions and castles rotated from normal positions, with visible L to left. NGC #4668512-001.

Estimate: $3000-4500