Watch List notes:

Madrid, Spain, milled 1 real, Philip V, 1726 A, NGC MS 66. Cal-436; KM-298. A prooflike gem with pure mirrored brilliance (amazing to see on a coin on this period), roller-struck on a slightly curved and oversized flan that extends past the outer border (reverse off-center), with small natural lacuna to right of cross and smaller flan-void near top.
($800-1200)