Watch List notes:

Philippines (under Spain), 8 reales, Ferdinand VII, crowned "F.7.o" countermark (Type V, 1832-4) on a Lima, Peru, 8 reales, 1832 MM, NGC VF 30, c/s VF strong. KM-83; Cal-1305. Full countermark and full host details nicely set off by dark, contrasting toning all over.

Estimate: $400 - $600