Watch List notes:

Lima, Peru, cob 8 escudos, 1716 M, NGC MS 61, finest known in NGC census, ex-Loosdrecht (1719), ex-Gray. S-L28; KM-38.2; Cal-2126. 26.96 grams. Broad flan with much legend (well centered), lustrous surfaces in bright yellow gold, curious one-year type with rows of dots instead of horizontal lines and first of a two-year type with teardrops emanating from the ends and tips of the crossbars of the cross (also with dots in angles of the cross), an aspect that some believe was meant to denote striking after a massive earthquake in February 1716 that nearly destroyed the region, also with lots of ornamental dots throughout the pillars design (this particular variety not listed in Tauler), the tops of pillars well detailed and the cross full and nice. From the Loosdrecht (1719), pedigreed to the Fernandina and Thomas Gray collections (all stated on label), pedigreed to Sedwick Auction 19, with original lot-tag 19, and formerly displayed at the ANA Money Museum's "Treasures of the Deep" exhibit (2014-2015).
($7000-10000)