Watch List notes:

Chihuahua, Mexico, bust 8 reales, Ferdinand VII, 1816RP, struck over an earlier (cast) 8 reales countermarked with MVA / 1812 (Monclova), very rare. KM-201; CT-394. 26.57 grams. AVF overall, with lovely rich toning, crude details as usual, with bold two-piece countermark with MVA• in one box over 1812• in another box applied by Royalist forces in the town of Monclova in the (now) State of Coahuila in northern Mexico. Interestingly, the countermark was applied to an earlier, cast coin (Chihuahua, 1810-13) and then the countermarked coin was overstruck with a new design in 1816 by the Chihuahua mint.

Estimate: $1250