Watch List notes:

El Salvador, 2 reales, volcano / 1839 countermark (Type III, variety with 3 over retrograde 3) on a Lima, Peru, 2 reales, 1826JM, rare, NGC VF 20. KM-36. Toned around details, weak Liberty as usual but otherwise bold, crude rims (as made), the usual test-scrape to left of Liberty very light on this example, tied with one other for finest (and only) known in NGC census. NGC #2803448-003. Pedigreed to the Ponterio auction of November 2009 (lot 9149).

Estimate: $350-500