Watch List notes:

George III (1760-1820), octagonal countermark upon Spanish Eight Reales of King Charles IIII (1788-1808), 1794 PR, struck in Potosi, Bolivia, octagonal bust of George III from the maundy Penny die punch right at centre of obverse, bust of Spanish King laureate and draped right, date below, legend and toothed border surrounding, CAROLVS.IIII. DEI. GRATIA., rev. crowned quartered shield of arms, pillar with ribbon incuse motto either side PLUS VLTRA, legend surrounding, .HISPAN. ET IND. REX. PTSI. 8R. P.R., mint letters as a cypher, weight 26.76g (Bull 1871 R; ESC 139; C&R 1069A R; S.3766). Unevenly toned, some light nicks and spots on obverse, coin and countermark very fine and rare.

Provenance:
Ex Rowley Butters Collection, St James Auction 9, 18th June 2008, lot 378.

The initials P and R represent the names of the Mint Assayers who were Pedro de Mazondo and Raimundo de Iturriaga.