Watch List notes:

Mexico City, Mexico, cob 1 escudo Royal, 1714J, extremely rare, from the 1715 Fleet. S-M30; KM-R51.2; CT-497. 3.32 grams. At first glance this appears to be just an exceptionally broad and well-struck non-Royal, but it is an exact die-match with the two or three other known Royals of this issue, which is on par with the larger denominations in terms of rarity and desirability (just not as expensive). All interior details are full and choice (the shield with just a hint of crudeness) and 100% Mint State, with some visible legend including date and king's ordinal, small spots of grayish white coral in crevices. A desirable piece for those who cannot pay six figures for an 8E Royal. From the 1715 Fleet.

Estimate: $10000 - 20000