Watch List notes:

Potosi, Bolivia, cob 1 real Royal(?), 1688VR. S-P40; KM-unl; CT-unl. 1.71 grams. Round but thin and very low weight (so possibly just a cut-down regular issue, with no other Royal specimens on record to check the dies), yet with full and evenly struck pillars and cross, two dates, three mintmarks and assayers, Fine with toned fields, holed to right of cross / bottom of pillars. ($250-500)