Watch List notes:

Santiago, Chile, bust 8 reales, Ferdinand VII transitional (laureate "admiral" bust), 1810FJ, NGC MS 61.KM-75; Cal-1403.Choice bold strike with light natural toning over faint luster throughout, with a few small (old) marks on the well-detailed bust and just a touch of high-point wear, scarce and desirable two-year type with laurel wreath in Ferdinand's hair.
($1000-1500)