Watch List notes:

Madrid, Spain, milled 2 reales "pistareen," Philip V, 1723A, NGC MS 65, finest known in NGC census.Cal-777; KM-296. Now-popular "pistareens" seem to come two ways: worn and toned or white and flashy, like the present coin, with almost unbelievably bright luster and sharpness of detail all over, the reverse graced with one streak of rainbow toning, the flan slightly warped (as made) and broad, extending past the outer border, clearly a coin that was kept in pristine condition since the day it was made. (Note: Burgundy in the shield shows two fleurs and not three as stated on label, still finest known.)
($300-450)