Venezuela (Caracas, First Republic)
Caracas, Venezuela, copper 1/4 real, 1812, broad flan, rare.KM-C22.3.06 grams.One-year type, struck during the days of the brief First Republic (July 1811 to July 1812), this example struck slightly off-center on a broad and rather thin flan, with all details clear (albeit lightly struck), even dark-brown color with light glint from cleaning, otherwise VF.
Estimate: 300-450 USD