Watch List notes:

Segovia, Spain, gold milled 8 escudos, Philip V, 1721/19F, rare, NGC AU 55. Cal-2262; KM-unl (316 for type). The Segovia 8 escudos of Philip V represent the pinnacle of quality in the shield/cross type from Spanish mints, often called "onzas de cruz," with finely engraved intricate details struck by press on a perfectly smooth flan marked with an edge-milling collar. They just do not compare with anything prior or contemporaneous except maybe Mexican "Royals" (galanos) that sell in six figures. A year ago we sold an even more spectacular example of this same overdate as "Best in Show," hammering at $45,000, and in that description we mentioned a "pair of AU 55's" (now four) being the second highest grade (all now bested by an MS 62), of which this piece is one, conservatively graded in our opinion despite a few tiny marks and a small natural rim-flaw at 2 o'clock on the reverse, this being its very first appearance in any auction. Rich gold color, perfectly centered and evenly struck, with ample luster and great eye-appeal. NGC #6450849-001.
($12500-25000)