Watch List notes:

Bogota, Colombia, gold cob 1 escudo, Philip V, assayer M (horizontal) to right, mintmark F to left, NGC XF 45. Restrepo-M78.12; S-B26; KM-22. 3.37 grams. Broad flan for the type, with clear king's name and ordinal outside full and bold shield (exhibiting a small die-break on upper half), full but weaker cross-and-tressure with indistinct legend that appears to end in a two-digit date (38? 40/39?), nicely contrasting toning all over.

Estimate: $1000 - $1500