Watch List notes:

Caracas, Venezuela (under Gran Colombia), 1/4 real, 1821, dot between 1 and 9, eight long rays and sixteen short rays, very rare. Restrepo-143.1; KM-C31; Stohr-13b. 0.60 gram. The first silver 1/4 real of Venezuela is a famous rarity, and this is an excellent example with bold full details and smooth surfaces (not pitted or uneven like most), also well centered and nicely toned (albeit with evidence of cleaning), curiously missing some of the "teeth" in the borders. XRF test indicates 80% silver. Pedigreed to the Gran Colombia collection and to the Fred Badler collection and to the Miguel Santana collection.
($1000-1500)