Watch List notes:

Potosi, Bolivia, cob 8 reales, 1725 Y, Louis I, rare, NGC AU 50, finest and only example in NGC census. S-P43b; KM-35; Cal-48. 27.38 grams. Chunky flan with crude edge and much peripheral flatness, but with good full cross and choice pillar-tops that demonstrate its exceptionally high grade, with two clear dates and assayers and all-important king's ordinal PR. (short for "PRIMERO") visible in legend, toned in crevices. Pedigreed to the Jorge Ugaz collection (stated on label).
($700-1000)