Watch List notes:

Madrid, Spain, gold cob 2 escudos, 1627 V, rare, NGC MS 63, finest and only example in NGC census. Cal-1775. 6.72 grams. Choice full shield with bold mintmark-assayer to left, crown above and denomination dot-II-dot to right inside PHI- of king's name, choice full cross with bottom of last digit of date visible (not noted by NGC), attractive toning and sediment, exceptional in grade and notably similar to the 1622 SF issues of Bogota (by the same engraver).

Estimate: $1500 - $2250