Watch List notes:

Potosi, Bolivia, cob 8 reales, 16(18)T, variety with PxT and denomination as o-8, ex-Panama hoard. S-P21; KM-10. 26.67 grams. Very bold full denomination, full PxT, full but doubled shield and cross (the latter off-center), Fine+ with some orange sediment around details. From the ca.-1629 "Panama hoard," and pedigreed to our Auction #1, with original lot-tag #318.
($200-300)