Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip V, assayer J. S-M22; KM-47. 25.85 grams. Round, thick flan with clear oMJ, full shield and crown and cross (all well centered), steel-gray toning, no corrosion but patches of "horn" silver on reverse. Recovered from: Spanish 1715 Fleet, east coast of Florida

Estimate: $150 - 225