Watch List notes:

SPAIN, 1728 S P (Ag) 8 Reales. Philip V (KM-336.3; Calico #1618): This coin was fully struck and slightly curved from the Mint. Sharp details and attractive old toning of champagne/orange and grey colours with lustre coming through. Three coins graded at this grade by NGC, and only two higher.
NGC MS 65
NGC Certification : 5710111-007/65