Watch List notes:

Maracaibo, Venezuela (now attributed to Cuba), 1 real, Ferdinand VII, (1813), very rare, NGC VF 35. Cal-598; KM-4.1 (under Santo Domingo). 2.26 grams Off-center bust with clear 7 to right, weaker F to left, unevenly struck but well-centered crowned shield (lions and castles transposed) with full R to right, deeply toned, with minor lamination and areas of flatness. The latest archival research by Luis Ponte, presented at the MMXXI Cartagena conference, has determined that this issue (traditionally attributed to Santo Domingo or Maracaibo, the former per KM and the latter per Calico [as "incierta"] and NGC, along with related copper 1 and 2 cuartos) was actually made in Cuba.

Estimate: $1500 - $2250