Watch List notes:

Lima, Peru, cob 8 escudos, 1712M, rotated legend, from the 1715 Fleet, mounted in 18K gold pendant-bezel. S-L28; KM-38.2; CT-23. 33.21 grams total. Bright lemon-yellow color with full pillars and cross (mounted pillars-side up but with cross side almost with left arm up), much legend (including second date), on the cross side starting at 6 o'clock, AU details. From the 1715 Fleet.

Estimate: $7500 - 11000