Watch List notes:

Potosi, Bolivia, cob 8 reales, 1731 M. S-P44; KM-31a; Cal-1564. 26.87 grams. Chunky but nice, with good full pillars and cross, two bold dates and parts of all three mintmarks and assayers, high grade (AU-), with toning on fields. Pedigreed to the Jorge Ugaz collection.
($250-375)