Watch List notes:

PHILIPPINES: Fernando VII, 1808-1833, AR 8 reales, 1828, KM-32, Manila, type I countermark with dies prepared by Don Benito de los Reyes, overstruck on Peru 1826 host, PCGS graded VF35. An always-popular type within the early Philippines series and one that is very infrequently found better than Fine condition.

Estimate: 4,000-6,000 USD