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 1855, very rare, NGC VF 30, c/s VF standard. Pratt-MR2; KM-B2. 3.08 grams. Nearly full countermark and nice sharp cut, providentially oriented so the host date 1855 is centered on the other side (extremely rare thus), lovely deep toning all over, scarce and important emergency issue from the war against the Triple Alliance of Argentina, Brazil and Uruguay in 1865-70.
($1000-2000)