Watch List notes:

WORLD COINS, ECUADOR Republic. Silver 4-Reales, 1862 GJ, Quito. Liberty head left with long hair. Rev. Flag draped arms. Struck en médaille. Edge corded (KM 37a). In PCGS holder certified "Tooled – XF Details", a few light scratches before bust and in reverse fields, otherwise about extremely fine, well struck. An extremely rare issue.
ex Ponterio & Associates Sale 86, 4-5 April 1997, lot 2793

Estimate: $ 3,250