Watch List notes:

Segovia, Spain, milled 1 escudo, Philip III, 1607C, king's name as PHILIP, rare, encapsulated NGC MS 65, finest known in NGC census. CT-60; KM-29. Very sharp and crisp details (a combination of skillful machine-striking and absolute lack of any wear) with luster on fields, the flan extending beyond the rims, particularly desirable as among the first machine-struck coinage of Spain (two-year type). NGC #2731234-001.
($3000-4500)