Watch List notes:

Segovia, Spain, gold milled 1 escudo, Philip III, 1607 C, king's name as PHILIP, NGC MS 65. Cal-1015; KM-29. Scarce and desirable first milled gold of Spain (second variety with 9-shaped ornament after abbreviated king's name), with razor-sharp and pristine details, muted luster on unblemished fields, second highest grade in NGC census behind a pair of MS 66's.

Estimate: $4000 - $6000