Puerto Rico (under Spain), 40 centavos, Alfonso XIII, 1896 PG-V, NGC MS 62. KM-23; Cal-127. Very choice grade (among the top 10% in the census), with ample luster despite very slightly grainy surfaces (as made), light golden toning at rims, popular one-year type (much harder to find than the peso).
Estimate: 2500 - 3750 USD