Watch List notes:

Lima, Peru, bust 1 escudo, Ferdinand VII (small draped bust), 1812JP, encapsulated NGC AU 55, rare. KM-119; CT-282. Bold strike, light red toning all over with underlying luster, old holder (AU-58 by today's standards), the small bust supposedly from a 1/2R punch.

Estimate: $2500 - 3750