Watch List notes:

Seville, Spain, gold milled 8 escudos, Philip V, 1701 M, S-8-M-8 on reverse, dots flanking fleece, NGC MS 63, finest known in NGC census. Cal-2267; KM-260. Variety with S-8-M-8 in tressure-dimples reading clockwise from 1 o'clock, nice luster and well-detailed strike, some central adjustment marks and off-center reverse but otherwise choice and in fact the finest of five entries currently in the NGC census (next highest all the way down at AU 53), albeit exceeded by an MS 65 for a different variety with 8-S-8-M in tressure dimples, first date of popular type in any case. NGC #6443581-001.
($7500-15000)