Watch List notes:

Mexico City, Mexico, cob 8 reales, 1714J, in 14K gold pendant-bezel. S-M22; KM-47; CT-743. 31.62 grams total. Neat shape, clear date and mintmark, full but weakly struck shield and cross, peripherally flat but no corrosion, small black spots of "horn silver." Recovered from: Spanish 1715 Fleet, east coast of Florida

Estimate: $600 - 900