Watch List notes:

DANISH WEST INDIES: AR 8 reales, ND, KM-X47, fantasy countermark, with a script FR VII for Frederik VII of Denmark on Peru 8 reales, Cuzco mint, 1838, type KM-170.4, EF on EF host, R. The FR VII countermarks on various world coins are believed to be fantasies produced in Paris at some time after 1860. There are no confirmed originals for these types.

Estimate: 180- 220 USD