Watch List notes:

Mexico City, Mexico, cob 8 reales, 1702 (L), Philip V, rare. S-M21a; KM-47; Cal-1387. 25.32 grams. Thick flan with mostly weak strike and much peripheral flatness (most of cross, small part of shield) but remarkably clear 02 of date, technically no worse than Fine for actual wear and particularly rare as non-salvage and desirable as the first date of Charles II.
($200-300)