Watch List notes:

Spain, Ferdinand VII (1808-33), 20-Reales, 1822 sr, Madrid, bare head right, rev. crowned shield between pillars (Cal.516; Dav.325; KM 561), attractive mark free surfaces with old cabinet tone, good very fine.
provenance
Purchased Baldwin, 10 January 1958 - £3.0.0
Estimate: £150 - £200