Watch List notes:

Guatemala, 8 reales, Type III double countermark (1840) on a Lima, Peru, 8 reales, 1839MB, also marked with an El Salvador Type II (1834+) zig-zag test mark. 27.51 grams. Fascinating coin with three countermarks, the zig-zag test mark of El Salvador probably applied first (per a decree of 1834 but used for years after that) followed by a double countermark (as opposed to a counterstamp, in which two marks are applied in the same place on opposite sides of the coin) from Guatemala with sun-over-mountains on one side and sunface star on the other side, the host AVF with very light golden toning but the countermarks more like XF (the zig-zag very clear and sharp), an interesting manifestation of the turbulence and political uncertainty upon the failure of the Central American Republic.

Estimate: $1250 - 2000