Watch List notes:

VENEZUELA: AR 2 reales, Caracas, "781", Cr-13.1, assayer LM, struck by the Royalist or Republican forces 1810-21, good strike, PCGS graded F15. These were among the first issues of the provisional Caracas mint, which had started operations in 1812 by issuing coins imitating the Lima cobs (macuquinas) then found in circulation, hence the LM initials as on this example.

Estimate: 200-300 USD