Watch List notes:

Potosi, Bolivia, cob 8 reales, 1649Z, with crowned-L countermark on cross, rare.S-P34; KM-19a; Cal-1485.16.61 grams.Very broad, thin flan that extends past the outer border in one place (bent), full countermark to left of full cross, clear 16 and 9 of date and very clear P-Z, full but weak shield, Fine details with corrosive wear and silvery surfaces (probably from the Capitana).
($300-450)