Watch List notes:

Brazil (Rio mint), 960 reis, Pedro I, 1823-R, struck over a Zacatecas, Mexico, bust 8 reales, Ferdinand VII, 1820AG, NGC MS 63.KM-368.1.Sharp overstrike design with "ghost" host coin details readily visible on both sides, lustrous with spots of dark toning, scarcely seen in this high of grade.From: Brazil (Empire)
($150-225)