Watch List notes:

Potosi, Bolivia, cob 8 reales Royal, 1650O, NGC XF details / holed. S-P35; KM-R19b; CT-400. 28.20 grams. Die match with Lazaro #111 (R3), with choice and 100% full details on both sides enhanced by contrasting toning but inevitably holed (left of crown / right of cross), faint glint of gold color from old gilding. NGC #4690085-001.

Estimate: $5000-7500