Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip V, assayer not visible, mounted in simple silver pendant-bezel. KM-47. 25.94 grams. Good full cross, shield side obscured by crude mounting, appears to be lightly to moderately corroded, nicely toned. Recovered from: Spanish 1715 Fleet, east coast of Florida

Estimate: $100 - 150