Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip II, assayer L below erased B (2nd period), rare. S-P9; KM-5.1; Cal-670. 27.48 grams. Broad flan with choice full shield and (doubled) cross, some bold legend, low-contrast XF (non-toned), but best feature is the full and very clear L-over-erased-B assayer, which provides a direct link from 1st-period B to 2nd-period L (obverse die-match with Sellschopp #53 and Paoletti #56). Pedigreed to the Jorge Ugaz collection.
($750-1100)