Watch List notes:

Lima, Peru, cob 8 reales Royal, 1689V, rosette above denomination, rare. S-L8; KM-R24; CT-220. 26.88 grams. Broad flan, typically nearly round and holed at top of pillars / right of cross, apparently an unlisted variety with rosette (as for 1688) below the crown on the pillars side (Lazaro's example, #5 in his book, has a dot instead), with all interior details fully struck up but only about half the legends visible, attractively toned VF+.
($4000-6000)