Watch List notes:

PERU. Felipe V, 1700-1746. 8 Escudos L-M 1712, Lima. Obv. [PHILIPP]VS V DG HISP[ANIA]. Cross of Jerusalem, lions and castles in quarters. Rev. ET YND[IARVM] REX [ANO 7]I2 / L - 8 - M / P. - V. - A • / 7 - 1- 2. Pillars of Hercules. Calico ; KM 38.2; Fr. 7. AU. 26.87 g. VF-XF tooled

Very rare.