Watch List notes:

Santiago, Chile, bust 8 reales, Charles IV transitional (bust of Charles III, ordinal IV), 1789DA, rare. KM-42; CT-146. 25.15 grams. AU details, boldly struck but low in contrast (no toning), minimal surface corrosion, rare type from a scarce wreck. HMS Lutine, sunk in 1799 off West Frisia, Netherlands

Estimate: $500-750