Watch List notes:

Pasto, Colombia, bust 2 reales, Ferdinand VII (bust of Charles IV), 1822O, two dots to right of date, NGC AU 50, finest and only example in NGC census.Restrepo-115.1; KM-74; Cal-894.Very choice for this crude type, believed to have been struck by fleeing royalists using modified Popayan dies with CONST in legend (unique among colonial issues) in reference to the new Spanish Constitution of 1812, typically off-center and with rough rims but much bright luster on reverse fields and in obverse legend.Pedigreed to the Esmeralda Collection (stated on special label).
($500-750)