Watch List notes:

Lima, Peru, cob 8 reales, 1740V. S-L22; KM-34a; CT-663. 26.55 grams. A bit worn (VG) but also typically crudely struck with flat peripheries, good centers of pillars and cross, clear date and assayer (possibly 1740/39V/N, which is known), richly toned all over.
($200-300)