PERU. Cob 8 Reales, 1725-L M. Lima Mint. Luis I. NGC FINE-12.
KM-39. Weight: 26.68 gms. Struck during the short-lived reign of Luis I, this survivor is far better than most seen, displaying a clear date and astonishingly original surfaces. RARE in problem-free quality, this piece carries a valuation of $1,500 in Very Good, $3,000 in Fine, and $5,000 in Very Fine condition in the Standard Catalog of World Coins.
Estimate: $1000 - $2000