Watch List notes:

Brazil (Rio mint), 960 reis, Joao VI, 1820-R, struck over a Spanish colonial bust 8 reales of Ferdinand VII dated 1818, NGC MS 64. Russo-478; KM-326.1. Auburn toning over muted luster, the arms side off-center, with traces of undercoin visible including date 1818. NGC #6281223-001.
($200-300)