Watch List notes:

VENEZUELA. Brass 50 Centavos Token, ND. PCGS MS-64 Gold Shield.
Rulau Ven-4. Obverse: Star center, J.R. ACUNA / TAMAYA around; Reverse: Denomination center, CINCUENTA CENTAVOS MERCADERIAS around. A lustrous and bright brassy toned token.

While attributed to Venezuela in Russell Rulau's book entitled Latin American Tokens, some research suggests that this token was actually struck for use in Chile.

Estimate: $100.00- $200.00