Watch List notes:

SPAIN: Felipe II, 1556-1598, AR 8 reales (26.67g), 1586, Dav-8478, Calicó-176, very light oxidation, very slight straight clip at 9:00, well struck and centered, Aquaduct mintmark (Segovia) has seven arcs, extremely rare in this condition, VF to EF, RR.

Estimate: 1,800-2,500 USD