Watch List notes:

Popayan, Colombia, bust 2 reales, Ferdinand VII (bust of Charles IV), 1820 F.M, NGC AU 53, finest known in NGC census, ex-Esmeralda. Restrepo-114.15; KM-70.2; Cal-906. Well struck and deeply rainbow toned over luster with minimal high-point wear, in fact begging a higher grade, top coin at NGC nonetheless. NGC #3355396-001. Pedigreed to the Esmeralda Collection (stated on special label).
($500-750)