Watch List notes:

Guatemala, 8 reales, sun-over-mountains countermark (Type II, 1839) on Liberty side of a Lima, Peru, 8 reales, 1835MT, with zigzag test mark of El Salvador (1834-6) on same side, rare, encapsulated NGC XF 45, finest and only specimen in NGC census, ex-Richard Stuart (designated on label). KM-111.5 for Guatemala. Bold strike and good full countermarks, lightly toned all over and with some muted luster remaining on reverse, the countermarks elegant applied to open fields on obverse, a significant multi-national rarity and highlight of the Stuart collection. NGC #4438993-001. Pedigreed to the Richard Stuart collection.
($2000-3000)