Watch List notes:

Mexico City, Mexico, cob 8 reales, 1706/5 (J), very rare. S-M22; KM-unl; Cal-unl. 26.71 grams. Interesting shape and technically high grade (non-toned AU) but typically weakly struck, with most of shield and cross, bold full 6 of date with evidence of 6/5 (possibly unique, first we have seen).
($250-375)