Watch List notes:

Lima, Peru, bust 8 reales, Ferdinand VII transitional ("imaginary" bust), 1811JP. KM-106.2; CT-476. 27.38 grams. Prooflike BU but somewhat crudely struck, with light adjustment marks, partially weak centers and parts of rims crude (as made), minor surface porosity, still impressively flashy and a rare grade for this type.

Estimate: $800