Watch List notes:

San Salvador, El Salvador, 2 reales, 1832RL, with zigzag test mark of El Salvador (Type II, 1834-5), rare (unlisted host), encapsulated NGC VF 25, ex-Richard Stuart (stated inside slab). KM-11.1 (host) but unl with this mark. Slab grade refers to host, which is richly toned and generally well struck (minor voids and weakness on rims, slightly off-center mountain side), minor scratches and surface porosity, the rare countermark deep and sharp, unlisted in KM on 1832 host. Pedigreed to the Richard Stuart collection. (Estimate: $400 - 600)