Watch List notes:

SANTO DOMINGO. Santo Domingo - Venezuela. 1/4 Real, ND (ca. 1813-20). Ferdinand VII. PCGS VF-20.
KM-2. Struck over an 1813 Maracaibo bust Real of Ferdinand VII. Peripheral beading verifies the undertype on this crude issue, with an overstrike that has softly imparted the crowned F7 obverse design with a reserve design that is sharper and nearing complete. VERY RARE as a type and rather intriguing when found with visible evidence of the Venezuelan host coin.

The seldom encountered copper coinage of Maracaibo struck during Venezuela's War for Independence was issued by order of Captain General Fernando Mijares 13 March 1813. Struck for a period of about six months, these issues were immediately met with disapproval by the local populace and were generally unaccepted by the public. These crude necessity issues were plagued by forgeries and coupled with the general dissatisfaction from the citizens were ultimately discontinued in September the same year. Research conducted by Venezuelan numismatic scholar Luis Roberto Ponte in the General Archives of the Indies in Seville revealed that a total of 4,987 pounds was exported to Santo Domingo on 15 January 1815. This piece of information gives an explanation as to why so few survivors known today. To our knowledge only about 3 pieces are known to have survived that have not been overstruck with about an additional 10 that are known as host coins for a Santo Domingo 1/4 Real.

Estimate: $500 - $1000