Potosi, Bolivia, cob 8 reales Royal, 1738M, rare. S-P47; KM-R31a; CT-836. 25.45 grams. Bold full pillars-and-waves and cross-lions-castles but legends non-existent (both as made and due to very light shaving around edge), nicely toned AXF with small edge-split and hole at bottom of cross, previously unknown dies (NOT a match with Lazaro #289 [R2]).
Estimate: $2000-3000