Watch List notes:

ECUADOR. 4 Escudos, 1841-QUITO MV A. Quito Mint. PCGS VF-35.
Fr-4; KM-19 (listed as 2-4 known); Seppa/Anderson-ECG85a; Carr-78 (listed as Unique). Variety without engraver's initial. This EXTREME RARITY, missing from nearly all advanced Ecuadorian collections, was obviously struck in limited quantities with a dismal survival rate. Boldly struck with even wear, this handsome survivor is quite attractive and original looking. The surfaces are relatively smooth with signs of handling consistent for the grade displaying a pale golden color atop of the devices and exposed areas accentuated by richer patination and minor earthen deposits amongst the devices. This wholesome and original looking example is pleasing to the eye; a real treat for the specialist looking for completeness of the series.

Since this date, both with and without engraver's initial, is such a rarity of the series many collectors may not be familiar with how to determine the difference. In the absence of legible details on the drapery of the bust, examination of the reverse can solidify its attribution. Close inspection of the rolling hills between the mountains will indicate which variety is present. The lack of the additional marking "Ω" superimposed on the hills between the mountains, which is the same as the symbol in the upper left quadrant, indicates that it is the variety missing the engraver's initial.

Ex: Ponterio & Associates NYINC (1/2008) Lot # 1408.

Estimate: $7000 - $10000