Watch List notes:

Lima, Peru, bust 8 reales, Ferdinand VII transitional ("imaginary" bust), 1809JP, king's name as FERDND, NGC AU 58. KM-106.1; CT-473. Exceptionally bold strike with high-relief bust (almost like a specimen compared to the norm), bright and glossy but starting to tone, with adjustment marks on lower half of shield. NGC #4496343-003.

Estimate: $350-500