Watch List notes:

Santiago, Chile, bust 8 escudos, Ferdinand VI, 1750J, from the Luz (1752). KM-3; CT-70. 27.03 grams. Typical wreck specimen with sediment in crevices, lustrous AU with lightly buffed fields, better bust than most but with usual weakness in shield. The sediment on this coin is dark, in fact black in places, which could be evidence to support the theory that these coins were being smuggled in the powder magazine of the ship. From the Luz (1752), pedigreed to the Sotheby's auction of March 1993, with original lot-tag #676, and pedigreed to our Auction #5, with original lot-tag #33.

Estimate: $2000 - 3000