Watch List notes:

Lima, Peru, cob 8 escudos, 1711M, PCGS AU55, ex-1715 Fleet and ex-Auerbach (both stated on label). S-L28; KM-38.2; CT-22. 26.94 grams. Small, round flan with bold full pillars-and-waves and cross-lions-castles (both off-center), much bold legend, lustrous surfaces with areas of red and dark-gray encrustation. PCGS #37954522. From the 1715 Fleet, pedigreed to the Stuart Auerbach collection (see lot 4), with photo-certificate.
($6000-9000)