Watch List notes:

Potosi, Bolivia, cob 8 reales Royal, 1688VR. S-P40; KM-R26; CT-326. 25.78 grams. Broad, round flan with all details (legends and inner) full and bold, with only trivial doubling (rendering the edge date as 168888!), attractive toning (and contrasting surface encrustation), AXF, but most importantly: NO HOLE (very rare thus). Die-match with Lazaro #223.

Estimate: $5000