Watch List notes:

Madrid, Spain, cob 8 reales, Philip V, assayer J, rare. CT-type 132; KM-239. 26.97 grams Very interesting cob with lustrous UNC details and fields mixed with flat spots (uneven strike), the M-dot-J mintmark-assayer and +8+ denomination particularly bold but also with full crown and shield and cross, all very richly old-toned, also with 180-degree rotated legend on reverse (just the first digit 1 of the date visible), a seldom-seen cob type from the period of the War of Spanish Succession.
($500-750)