Watch List notes:

Lima, Peru, cob 1 escudo, 1732N, encapsulated NGC AU 58. S-L29; KM-35; CT-466. Very bold strike contrasted with reddish toning and dark sediment (also small spots of coral, hence possibly salvaged, the 1733 Fleet being the most likely possibility), choice full details on both sides (made without legends).

Estimate: $5000 - 7500