Watch List notes:

SPAIN, 1729 M JJ (Ag) 8 Reales. Philip V (KM-336.2; Calico #1350): Well Struck with sharp details. There is evidence of some rust from the die that struck this coin along the legend of the dated side. Medium toning of champagne and grey colouring with subdued lustre coming through. Only two coins graded at this level by NGC, none higher.
NGC MS 64
NGC Certification : 5710144-013/64