Watch List notes:

Potosi, Bolivia, cob 4 reales Royal (galano), 1697 CH, extremely rare, PCGS VF details / holed, finest and only example in any census, ex-Pat Johnson. S-P41; KM-unl; Cal-505. 12.17 grams. Choice full pillars-and-waves with clear bottom of second date 1697 in legend, both assayers full and clear (an attractive monogram with H inside a large C), the cross side slightly doubled and a little more worn (perhaps in connection to being holed at the top of the cross, an old squarish piercing), but overall quite attractive (nicely toned) and probably unique, also probably struck from the same dies as the famous 1697 CH 4R Heart that hammered for $24,000 in 2008. It is also worth noting that no 8R Royals of assayer CH are known, so this is the largest denomination possible. Pedigreed to the Pat Johnson Collection.

Estimate: $2500 - $5000