Watch List notes:

Paraguay (War of the Triple Alliance), 1 real, countermark "1" in rounded hexagonal field of horizontal lines (1865-70) on a wavy-edge 1/4 cut of a Bolivian Republic 4 soles of the mid-1800s, NGC AU 55, c/s UNC standard, finest known in NGC census.Pratt-MR2; KM-B2.3.53 grams.Choice full countermark, the arc-cut edges of the host very sharp and almost as-made, all lightly toned, the finest (by four grades) of just ten in the NGC census, a scarce and important emergency issue from the war against the Triple Alliance of Argentina, Brazil and Uruguay in 1865-70.
($600-900)