Watch List notes:

Caracas, Venezuela, 1/2 real, Year 2 (1812), very rare. KM-C25; Stohr-5. 1.20 grams. VF details but heavily abraded over toning, with attempted puncture at top of reverse, clear ANO 2o in legend, one-year issue, only eight to ten known, effectively the first coinage of Venezuela's independence from Spain, the "19" on reverse referring to April 19, 1810, the day Caracas was abandoned by the Spanish general Vicente Emparan, within seven stars symbolizing the First Republic's seven provinces; most of the mintage was melted after the fall of the First Republic in 1812.
($2000-3000)