Watch List notes:

Bogota, Colombia, 1/4 decimo, 1861, rare, NGC AU 50, finest known in NGC census, ex-Dana Roberts. Restrepo-240.1; KM-132.1 (under Granadine Confederation). Decent centers but weak at rims, the fields fairly smooth and starting to tone, a rare and important one-year type with nine five-point stars instead of three six-point stars, indicative of issue under the short-lived United States of New Granada (not Granadine Confederation, as mis-stated in KM), in fact one of only four issues (the others being Popayan 1/4 decimo 1860, Bogota 1 decimo 1861 and Bogota 1 peso 1861) attributable to this political unit. For this specific coin, the Dana Roberts cataloger said "easy to imagine it to be the finest extant." NGC #3312950-016. Pedigreed to the Dana Roberts collection (Heritage auction of April 2011, lot 23674).
($400-600)