Watch List notes:

Cuzco, Peru, cob 1 escudo, 1698M, very rare, NGC AU 58, ex-1715 Fleet (designated on special label).S-CZ1; KM-A27; Cal-811.3.36 grams.Ample-sized flan to accommodate all details (no legends, per the type), the cross-and-tressure choice but the castle slightly doubled, full and clear mintmark L to left, assayer M to right and date 698 below (very similar to the State of Florida's single specimen), one-year issue in two denominations only (1 and 2 escudos), this being the rarer by far, in fact missing in many important collections, with a total population of only about six known to us. (See previous lot for some general information about the Cuzco mint cob production.)From the 1715 Fleet.
($12500-20000)