Watch List notes:

Potosi, Bolivia, cob 8 reales, 1652E transitional Type V/A, motto as PLVS-VL-TRA, very rare. S-P37; KM-A20.5; CT-unl. 18.83 grams. A corroded coin, to be sure, yet with clear pillars side that shows the unusually split motto, the only other known specimens of which are two Royals (including Lázaro #127) and a broad-flan but decidedly non-Royal specimen in our Auction #12 (lot 543) that hammered for $3000. The present coin might be a Royal too, just with too much corrosion to know for sure. Broad flan with nearly full details, including bold pillars with two bold dates on that side, full shield, patchy toning. Mastalir singled out this coin as being first a rare subtype with motto as PLVS-VL-TRA and then also a unique die variety. Pedigreed to the Roberto Mastalir collection, #V.2-A.af(1)1 in his book (page 138), with original Humphreys tag and certificate #91-8R-0018, and pedigreed to our Auction #5, with original lot-tag #256. Recovered from: Maravillas, sunk in 1656 off Grand Bahama Island (Estimate: $700 - 1000)