Watch List notes:

Philippines (under Spain), 8 reales, Isabel, crowned Y-II countermark (1834-37) on a Lima, Peru, 8 reales, 1835MM, NGC F 15, c/s XF standard. KM-138.2. Full and bold countermark, deeply contrasting toning around details (dark and crusty here and there), overall quite attractive for the grade. NGC #4739223-014.

Estimate: $125-200