Watch List notes:

Popayan, Colombia, 1/4 decimo, 1862, NGC VF 35, finest and only example in NGC census. Restrepo-221.4; KM-123 (as 1/4R). Strong details and full rims, with rich rainbow toning over slightly crude fields, from the type with three six-point stars instead of nine five-point stars indicating Granadine Confederation issue, even though it was struck after the dissolution of the Confederation in 1861. NGC #4831070-006.
($300-450)