Watch List notes:

Lima, Peru, cob 8 reales, 1731N. S-L21; KM-34a; CT-652. 27.40 grams. Thick and crude flan as usual (with flat peripheries) but nicely toned and with bold centers (full pillars, nearly full but off-center cross), particularly the date, two assayers and mintmarks, Fine+.
($350-500)