Watch List notes:

Venezuela, vulcanite (rubber) 1 centavo hacienda token of General Joaquin Crespo, 1889, very rare. Rulau-p. 428. 0.96 gram. Tokens like this one made in a reddish rubber known as "gutta-percha" were issued in several denominations of 10 reales down to 1 centavo, all at least scarce but the smaller denominations apparently the rarest, by the Venezuelan General Joaquin Crespo (whose bust appears on the obverse) during his exile between presidencies, for use at his various haciendas in the states of Aragua and Guarico. While Rulau states that each denomination was a different color, the present piece appears to be the same red color as the 5 reales, just smaller in size (24mm vs. 32mm), with choice UNC details and no noticeable damage, first we have ever seen in this denomination.

Estimate: $1000 - $1500