Watch List notes:

Lima, Peru, cob 8 reales, 1694M. S-L11; KM-24; CT-238. 26.35 grams. Choice specimen with 100% full and well-detailed pillars-and-waves and cross-lions-castles, three dates and mintmarks, well centered, no corrosion but also no toning for contrast. Pedigreed to the Ponterio auction of June 1996, with original lot-tag #1300 and original certificate from the salvager. Recovered from: Association, sunk in 1707 off the Scilly Isles, southwest of England

Estimate: $300 - 450