Watch List notes:

Lima, Peru, cob 8 reales, 1659V, "Star of Lima," mintmark LIMA (Series Ia), rare. S-L5; KM-18.1; CT-263. 23.91 grams. Oddly squarish flan with light surface corrosion but much flatness (especially peripherally), nearly full pillars-and-waves with bold LIMA, nearly full cross (also bold), all a bit double-struck as usual, lightly toned. Very rare provenance for this brief, unauthorized issue. Recovered from: Piedmont, sunk in 1795 off Dorset, England ($1000-1500)