Watch List notes:

Madrid, Spain, bust 2 escudos, Ferdinand VII, 1825AJ, encapsulated NGC AU 58. CT-222; KM-483.1. 6.8 grams. Choice strike and eye-catching luster, prooflike BU to our eyes but netted to AU 58 by NGC due to faint hairlines on obverse only, still among the finest known. Pedigreed to our Auction #13, with original lot-tag #298.

Estimate: $700