Watch List notes:

Guatemala, bust 8 reales, Charles IV, 1806/5M, encapsulated NGC AU 58, finest known in NGC census. CT-638; KM-53. Brightly lustrous and begging for a higher grade, still tops in NGC for the date and the only specimen graded with the scarce overdate. NGC #4208587-012. (Estimate: $500 - 750)