Watch List notes:

Lima, Peru, cob 8 reales, 1659V, "Star of Lima" type, mintmark L*M (Series II), rare. S-L5; KM-18.1. 25.72 grams. Choice full cross-and-tressure, nearly full crowned pillars-and-waves with full .8.V to left and L*M above full date in middle (the second .8.V to right only partially visible), technically AU (with some luster) but with very light surface porosity, far above average for this usually crude, brief and unauthorized issue. Possibly from the unidentified ca.-1671 wreck in Seville harbor.
($2000-3000)