Potosi, Bolivia, cob 4 reales, 1654E, dot-PH-dot at top, three dots around denomination. S-P37a; KM-18; CT-742. 13.73 grams. Choice, non-salvage specimen (scarce thus) with nice full pillars-and-waves and cross-lions-castles, king's name in legend, three mintmarks and assayers, richly toned VF with crude old hole near edge.
Estimate: $150 - 225