Watch List notes:

Potosi, Bolivia, cob 8 reales, 1725 Y, Louis I, rare, NGC AU details / environmental damage. S-P43b; KM-35; Cal-48. 26.55 grams. Better edge than most but still uneven in thickness, with light toning all over in addition to areas of dark oxidation, weak but full cross and pillars with two full dates and three assayers, (LVI)S PR visible in legend. Pedigreed to the Ponterio auction of March 1998 (lot 1301).
($500-750)