Mexico
Republic 8 Reales 1849 Go-PF MS62 PCGS, Guanajuato mint, KM377.8, DP-Go31. Very lustrous and decently struck for this issue. DP notes a "mushy appearance" as a frequent occurrence on this issue which is indeed the case here and undoubtedly contributed in preventing a higher designation. Very scarce and collectible in this technical grade.
Estimate: 200-300 USD