Watch List notes:

Potosi, Bolivia, cob 8 reales, (16)52E transitional Type I, very rare, ex-Mastalir collection. S-P37; KM-A20.1; CT-unl. 12.50 grams. Half of flan lost to corrosion but the rare first Type very clear, with full denomination 8 and king's ordinal IIII (actually slightly doubled, making it look like IIIII) above motto directly above the waves, also with 52 date (also doubled) clear to right of the shield, nicely toned. Mastalir notes that this is one of only three known examples of "die 3." Pedigreed to the Roberto Mastalir collection, #I-A(3)3 in his book (page 54), and pedigreed to our Auction #5, with original lot-tag #230. Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador ($200-300)