Watch List notes:

CHILE. Chile - Argentina. 4 Reales, ND (1833). Valparaiso Treasury Office. NGC EF-45; Countermark: EF Weak.
KM-A112; Med-11. Countermark: volcano with another mountain; VALP below; all within circular beaded border. Issued by local decree of 29 March 1833. Countermark applied to the reverse of an 1815-PTS F Argentina Republic 4 Reales (KM-4). An EXTREMELY RARE countermark issue, this pleasantly toned specimen stands as just one of only a few known examples on a coin of this module, and the only 4 Reales denominated piece that we are aware of--the other more "common" host being the 4 Soles with 3 or 4 examples known. The countermark itself, classified as "XF Weak," is slightly rotated and a bit on the weaker side as indicated, but is still clearly indicative of its authority. A great example of this seldom encountered issue, possibly UNIQUE for the type; perfect for the enthusiast of Latin American or countermarks.

This popular sunface type was issued on two different occasions--first from 1813-1815, then again starting in 1824. However, this later emission was produced at a lower fineness, and the government in Chile banned their usage by 1832. In order to differentiate the earlier, higher quality examples from the later, lower quality specimens, a countermark was authorized to be placed upon earlier types, with this process occurring at one of six different treasury offices around the state; Valparaiso stands as one of the most difficult and desirable.

Estimate: $10000.00- $15000.00