MEXICO. Escudo, 1702-MXo L. Mexico City Mint, Assayer L (Martin Lopez). Philip V. NGC MS-63. Fr-7c; KM-51.1; Cal-Type 204 # 1776; Cayon-9493; Grove-819; Oro Macuquino-161. Tied for finest certified of the date with one other example on the NGC population report. VERY RARE, only 3 pieces have been certified at NGC, none at PCGS. Crowned arms of Spain, consisting of Castile and Leon, Catalonia - Aragon, Sicily, Granada, Austria, Burgundy, Brabant, Flanders and Tyrol; denomination "I" right (off flan), mintmark and assayers letter "oXML" left; partial legend around; Reverse: Box-tipped cross with fleurs-de-lis in each quadrant all within beaded border, legend around. A decently struck example on a somewhat compact flan with a bold full four-digit date, partial shield and partial shield. An attractive little cob displaying pale yellow gold color with hints of richer patination in crevasses offering a pleasing appearance sure to catch the attention of specialists. From the Las Colinas Collection.Ex: 1715 Plate Fleet.