Watch List notes:

NICARAGUA: Fernando VII, 1808-1821, AR real, 1808, KM-M1, Medina-312, proclamation issue struck to proclaim the accession of Fernando VII in the city of Léon, Nicaragua, and with the denomination, 1 R, flanking the coat of arms on the reverse, NGC graded EF45, S.

Estimate: 500- 600 USD