Watch List notes:

Lima, Peru, bust 8 reales, Ferdinand VII (small "imaginary" bust), 1811JP, long ribbons, encapsulated NGC MS 63. KM-106.2; CT-476. Very flashy luster all over (no toning), obverse slightly off-center with accordingly crude rims, exceptional grade, in fact second finest known in NGC census for all varieties (this one being long ribbons, but not noted in slab). NGC #4274529-003. (Estimate: $1500 - 2250)