Watch List notes:

Lima, Peru, gold bust 8 escudos, Charles III, 1765 JM, "rat nose" type, NGC AU 58, finest known in NGC census. Cal-1918; KM-70. Fully detailed strike in light yellow gold with ample luster, some tiny marks and light hairlines, rims a bit thin (as made), desirable first issue of Charles III with regrettably accurate portrait displaying a rat-like nose, somewhat scarce as a type but quite rare in this grade.

Estimate: $3500 - $5000