Watch List notes:

Lima, Peru, cob 8 reales, 1659 V, "Star of Lima" type, mintmark LIMA, 8-V to left and right (Series 1B), rare. KM-18.1; Cal-1244; CT-263. 24.98 grams. Bold full pillars and cross, both slightly doubled and the latter off-center, the denominations and date particularly full and prominent, with contrasting toning around details, traces of orange encrustation on cross side, VF with crack and old hole in typically flat peripheries, rare variety with denomination and assayer on both sides of pillars and horizontal lines above and below LIMA, also five-point star (hence different from the Series 1A issues that are comparatively common from the "Jupiter Wreck" of 1659), in fact probably the rarest of all the 1659 varieties and with no corresponding smaller denominations known.
($1500-2250)