Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip III, assayer Q, Grade 2, low serial number. S-P17; KM-10; CT-124. 22.75 grams. Bold full P-Q, nearly full shield and cross, weak and corroded peripheries, uneven toning, desirable as among the first 49 coins to be certified from this wreck. With original Fisher photo-certificate #49. Recovered from: Santa Margarita, sunk in 1622 west of Key West, Florida

Estimate: $400