Watch List notes:

Lima, Peru, cob 8 reales, 1686R. S-L7; KM-24; CT-229. 26.81 grams. Broad flan with full and well-centered pillars, bold full cross (off-center), (CA)ROLVS in legend, two bold mintmarks and assayers, one bold date and part of another, richly toned VF with tiny edge-split.

Estimate: $350-500