Watch List notes:

Lima, Peru, cob 8 escudos, 1701H, Philip V, extremely rare, from the 1715 Fleet. S-L25a; KM-38.1. 26.95 grams. Almost round, evenly struck and perfectly centered, this would be an exceptional specimen for any date, let alone one that is missing in Calico and the State of Florida collection (theirs is Charles II). In fact we can trace only one other example for Philip V, an AU 55 of demonstrably inferior strike but with perhaps slightly more evidence of the coins' having been created from a modified 1700 die. The present coin is at least AU 58 but bears areas of red staining and gray coral that preclude professional encapsulation. What is more important is that the strike is nearly perfect--well centered and even--and the effect in hand is sheer beauty. From the 1715 Fleet.

Estimate: $25000 - 50000