Watch List notes:

Quito, Ecuador, 1/2 real, 1840MV with inverted M ("WV"), rare, NGC Fine details / holed. KM-22. Bold details with nicely contrasting toning, old hole at top of obverse, interesting type with Ecuadorian arms (sun over mountains) on one side and Gran Colombian arms (cornucopiae and fasces) on the other. NGC #4770526-012.
($100-$150)