Watch List notes:

Lima, Peru, cob 8 reales, 1694 M, NGC AU 55 ("top pop"). S-L11; KM-24; Cal-599. 27.25 grams. Broad flan with 100% full pillars-and-waves, nearly full cross with bold king's ordinal II in legend, all three dates and assayers, very lightly toned and lustrous, currently tied with three others for finest in NGC census.

Estimate: $500 - $750