Watch List notes:

PANAMA: Republic, AE 2½ centesimos, 1904, KM-1, a wonderful quality example! PCGS graded MS64. This coin is the smallest ever minted in the USA, thus its nickname "Panamá pill." It was needed to make the 12.5 cents = 1 real of the former Hispano-American monetary system, when added to a 10 cents coin.

Estimate: 100-150 USD