Watch List notes:

Morelos (Type A) countermark on an Oaxaca (Morelos/SUD), Mexico, copper 8 reales, 1812, NGC XF 40 BN, c/s XF standard. KM-265.4. About 3/4 full countermark on nice host with full details, slightly off-center strike, dark color all over. NGC #4740648-008.

Estimate: $150-225