Watch List notes:

VENEZUELA. Puerto Cabello - Caracas. 1/4 Real, ND (1823). NGC EF-45 Brown; Countermark: AU Standard.
KM-C-2 (undertype); CAL-Type 26#68 (undertype). Stohr- R. I. 23. Issued by decree of 4 June 1823, repealed by decree of 14 March 1826. Nonsensical raised "Chinese" inscription within rectangle shaped border applied to the obverse of an 1817 Caracas Royalist 1/4 Real. The countermark is boldly applied with good definition of the fine details to a nicely preserved and attractive host. The surfaces are smooth displaying rich chocolate brown patina with areas of richer coloration and a slight iridescent cobalt sheen that pops out when tilted in the light. This wholly original looking survivor is very attractive for the issue and far nicer than normally encountered sure to be a welcome addition to the next collection it enters.

The port city of Puerto Cabello was the last remaining Spanish royalist stronghold during the Venezuelan war for independence. This city was important to the Spanish crown and was used as a hub by the Spanish navy in carrying troops, arms, stores and other needed supplies from Spain to her colonies. After several decisive battles the city was captured by Jose Antonio Paez Herrera on 8 November 1823.

Estimate: $300 - $500