Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip IV, assayer P (early to mid-1620s), quadrants of cross transposed. S-P23; KM-19a. 27.28 grams. Full P-dot-P (actually rendered as "P-dot-P-dot-P" due to doubling, full but centrally flat shield and cross, smallish flan, lightly toned Fine+ with spots of verdigris on reverse.
($125-$200)