Watch List notes:

Bogota, Colombia, cob 1/4 real, Philip V, no assayer (1649-57), rare, PCGS VF30, finest and only example in PCGS census, ex-Eldorado. Restrepo-M14.1; KM-unl; Cal-530. Thick and sharply cut flan with deeply struck full castle and lion (the latter choice), darkly toned in crevices, that match known 8R issues of 1651-2, although the official mint records published by Barriga-Villalba in 1969 (Historia de la Casa de Moneda, Vol III, page 533) clearly state that 1/4R around this time (i.e., with this castle and lion) were only struck in the years 1649 (from which we have no 8 reales to compare with) and 1657 (whose 8 reales have a different castle and lion). Pedigreed to the Gran Colombia collection and to the Eldorado collection (Stack's Bowers auction of January 2018, lot 11129).
($500-1000)