Watch List notes:

Seville, Spain, milled 1 escudo, Philip V, 1701M, unlisted variety with dots flanking denomination only, rare, encapsulated NGC AU 55. CT-unl (type 90); KM-253. Bold strike with light toning over muted-lustrous fields, slightly off-center strike, rare type and clearly neither of the varieties listed in CT. For some reason this coin does not appear in the NGC census (nor any of that date), and we suspect it is the only certified specimen on record. NGC #2731234-003.
($1500-2250)