Watch List notes:

Mexico City, Mexico, cob 8 reales, 1704(L), very rare. S-M21a; KM-47; CT-734. 27.36 grams. Interesting shape, very solid and uncorroded, clear bottom half of date, most of shield and cross, typically flat peripheries, no toning (tiny green spots). Recovered from: Spanish 1715 Fleet, east coast of Florida

Estimate: $600 - 900