Watch List notes:

Guatemala, bust 4 reales, Ferdinand VII, 1808M, rare, encapsulated NGC VF 35, ex-Richard Stuart (stated inside slab). CT-723; KM-68. Beautifully toned over lustrous surfaces, clearly XF in our opinion but in any case tied for second finest in NGC census (tops being only AU 50), key date of type, made in 1811 with new bust but backdated to 1808. NGC #4427832-001. Pedigreed to the Richard Stuart collection. (Estimate: $400 - 600)