Mint State Potosi Mint (Pi mintmark) silver 8 reales coin.
Certified by PCGS to MS 62, Population Census: 4 coins, none higher (NGC 2/3, MS63). Conditionally rare!
Toned with significant underlying luster, highly lustrous inperipheral areas, very pleasing in hand. Well struck with great details on a normal planchet.
Dunnigan states for Pi12, "Usually seen about Very Fine. Extremely Fine examples are more elusive than in preceding few years. A few specimens in Uncirculated range are known, but these are usually on crude planchets."