Watch List notes:

Mexico City, Mexico, cob 8 reales, completely cocooned in oxidation and shells (as found), probably Philip V, assayer not visible. 20.82 grams. Elongated flan but no details visible as 100% coated with dark oxidation impregnated with small shells, very interesting natural display. Recovered from: Spanish 1715 Fleet, east coast of Florida

Estimate: $300 - 450