Bolivia
Philip IV "Royal" 8 Reales 1654 P-E-PH VF Details (Holed) NGC, Potosi mint, KM-R21, Cal-1414, Lazaro-143 (R3). 26.66gm. A scarce "Royal" issue exhibiting natural circulation wear, though still retaining sharp motifs owing to the higher production standards of the type. Lightly silver-toned, with deeper toning accents highlighting the motifs from the recessed areas. Holed to roughly 12 and 6 o'clock, corresponding to roughly 3 and 9 o'clock to the reverse. Interestingly, the offering is illustrated online as the current NGC World Coin Price Guide "plate coin," though mistakenly is displayed under KM21 rather than KM-R21.
Ex. Sedwick Auction 27 (May 2020, Lot 578)
https://coins.ha.com/itm/bolivia/bolivia-philip-iv-royal-8-reales-1654-p-e-ph-vf-details-holed-ngc-/a/3099-31497.s?type=DA-DMC-CoinArchives-WorldCoins-3099-05052022
HID02906262019
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