Watch List notes:

Bogota, Colombia, cob 8 reales, 1651, assayer PoRMOS, lions and castles transposed, rare, finest known example for the date and type. Restrepo-M46.6; S-B7; KM-7.1; CT-527. 27.48 grams. Truly one of the most gorgeous cob 8 reales of any mint, with iridescent rainbow toning (lots of blue-green and orange-red) around details, perfectly centered strike on a broad flan showing full inner data and lots of legend including PHILIPPVS IIII, also full crown but tilted to the left due to localized doubling, very full and clear PLVS / VL / TRA / o / NR inside pillars above complete waves and 1651 date to right, the assayer to left clear but partially weak, nearly AU and way above normal quality for this rare mint. Also this is the first date of the new pillars-and-waves type, necessitated by the Potosi mint scandal but actually predating Potosi's transition to pillars-and-waves by one year, this specimen possibly some type of presentation to show the new type, yet with interesting throwback to Bogota's old habit of transposing the lions and castles (previously unknown for this type).

Estimate: $20000