Watch List notes:

ECUADOR. 1/4 Real, 1842-QUITO MV. Quito Mint. PCGS Genuine--Cleaned, EF Details.
KM-26; Seppa/Anderson-EC2. Medal alignment. An EXCEPTIONALLY RARE type with and estimated 6 to 7 known for this date, this small silver minor despite the noted cleaning has strong details remaining and mottled patina on the surfaces. A charming piece missing from most Ecuadorian collections sure to excite many collectors.

The decree to authorize minting of the 1/4 Reales was not issued until 13 September 1842 and amended the following day, coupled with being struck in low purity silver, 0.333 fine Billon, hence not many were made and only a handful have survived in any condition.

Ex: UBS Auction # 56 (Basel/Zurich 1/2003) Lot # 3370 (with lot tag).

Estimate: $2000 - $4000