Watch List notes:

Azores, 600 reis, crowned "G.P." countermark (1887) on a Santiago, Chile, bust 4 reales of 1804FJ, very rare combination (unlisted). KM-unl. 13.34 grams. Countermark and host XF with nice toning (some dark spots), scratches and rim damage near top on obverse.

Estimate: $1000