Watch List notes:

SPAIN, Castile & León. Fernando V & Isabel I (Los Reyes Católicos - the Catholic royals). 1474-1504. AR 8 Reales (40mm, 26.16 g, 1h). Sevilla (Seville) mint; S and quadrate D. Struck after 1497. Crowned coat-of-arms; annulet over VIII (denomination) to left; S to right / Garlanded yoke and bundle of arrows; quadrate D to inner right. Cf. MEC 6, 776; ME 2845; Calicó 184. VF, some surface corrosion. Well struck. Rare.

From Group SGF.