Watch List notes:

Lima, Peru, cob 8 escudos, 1709M, NGC MS 61, ex-1715 Fleet (designated on special label). S-L28; KM-38.1; CT-20. 26.96 grams. Very bold full pillars-and-waves and cross-lions-castles (both slightly off-center), some luster but also with traces of sediment and trace of white, wormy coral on the cross side, no doubling and much legend including king's ordinal V. From the 1715 Fleet (North Colored Beach site), with original Cobb Coin Co. (Fisher) plastic tag and insert-card #NCB3769MO. NGC #5708845-001.

Estimate: $7000-10000