Watch List notes:

Mexico City, Mexico, cob 8 reales, Louis I, assayer not visible (D), very rare. S-M23; KM-49. 26.52 grams. Interesting shape with much flatness but some shield and cross visible (VG for wear), nice toning, clear trace of king's ordinal I in legend (enough to see it is not a V), in fact one of just two confirmed with ordinal visible, perfect for die-study.

Estimate: $500 - $1000