Watch List notes:

PARAGUAY: Republic, AE centésimo, 1870, KM-2, specimen strike, Heaton mint, Birmingham, PCGS graded Specimen 65 RD. The "SHAW" that appears on Paraguayan coins is not the engraver's name, but the contractor of the mintage, Charles J. Shaw. The coins were struck by Ralph Heaton & Sons mint in Birmingham, England and the contractor was Shaw Hnos. & Co. (Shaw Brothers) with the order placed at Montevideo.

Estimate: 100-150 USD