Watch List notes:

Lima, Peru, bust 8 reales, Ferdinand VII transitional ("imaginary" bust), 1811 JP, long ribbons, NGC MS 61. Cal-1242; KM-106.2. Attractively lustrous with very light gold toning, fully detailed bust but weak in center of reverse, incomplete rims, faint surface hairlines, scarce and desirable type.

Estimate: $400 - $600