Watch List notes:

Toledo, Spain, cob 8 reales, Philip II, assayer M-in-circle below mintmark oT to left, denomination to right. CT-259. 27.25 grams. Choice, full and bold shield and cross-lions-castles and tressure, nearly full crown but legends mostly flat, full mintmark-assayer, XF with contrasting sediment in crevices. Pedigreed to our Auction #17, lot #1067.

Estimate: $500-750