Watch List notes:

Potosi, Bolivia, cob 8 reales, 1654 E, dot-PH-dot at top, pomegranate above cross. S-P37a; KM-21; Cal-1506. 27.57 grams. Round flan with good full pillars-and-waves (slightly doubled) and cross-lions-castles, bold PH, three assayers, two full dates and part of a third in the legend, VF with very light toning in crevices and traces of surface pitting and verdigris. Pedigreed to the Jorge Ugaz collection.
($250-375)