Watch List notes:

Quito, Ecuador, 8 reales, 1846 GJ, rare, NGC AU 55. Seppa-70; KM-32. Deeply toned over reflective fields with considerable original mint luster for the assigned grade, a rare and popular one-year type (only 1386 pieces struck) in beautifully artistic design (similar to the 5 francos of 1858) that has the distinction of being the only Ecuadorian 8 reales (old Spanish standard).
($2000-3000)