Watch List notes:

Potosi, Bolivia, cob 8 reales Royal (galano), 1729 M, rare, NGC AU 53, finest and only example in NGC census. S-P44; KM-R31a; Cal-1498. 27.05 grams. For whatever reason, this year marks the beginning of noticeably thicker flans with deeper strikes on Potosi Royals, and this piece is the finest-known example, with bold and even strike all over, no hole and no doubling, also beautifully toned, just the pillars side a little off-center, with much legend despite the smaller diameter (with "condor" ornaments as before), far superior to Lazaro 276 (rarity R3), with which it is a die match. Given the old toning and high quality, it is a wonder this piece cannot be found in any of the major "named" collections of Royals from the past five decades, like Sellschopp, "Americas," Ortiz, von Schuckmann and Millennia (just to name a few). NGC shows two others in the Details Census, but this is the only straight-graded example to date. NGC #5902400-010. Pedigreed to the Cayon auction of July 2016 (lot 924).
($6000-9000)