Watch List notes:

Santiago, Chile, bust 1 real, Charles IV, 1804 FJ/AJ (unlisted over-assayer), NGC VF details / cleaned. Cal-unl (Type 63); KM-unl (58 for type). Broad flan with full rims despite slightly off-center strike, weak in centers and with a few minor flaws (as made), some natural luster as opposed to the stated cleaning, but most important is the bold and clear FJ/AJ over-assayer (decidedly not FJ/JJ, which is listed), missing in all references and indicative of a muling with a two-year-old die.

Estimate: $600 - $900