Watch List notes:

MEXICO. Sombrerete. War of Independence. 8 Reales, 1812. Ferdinand VII. NGC EF-45.
KM-177. A well detailed example of this typically very crude issue, with the date weak but clear, and bold denomination in the left periphery on the shield side. It is toned a medium to dark gray, and exhibits only a few light marks.

Estimate: $300 - $400