Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip III, assayer not visible, backwards mintmark, quadrants of cross transposed, Grade 1. KM-10. 26.14 grams. Large, squarish flan with very choice full shield and cross, clear 162 of date, nice toning, minimal localized surface corrosion. With original Fisher photo-certificate #8668. Recovered from: Santa Margarita, sunk in 1622 west of Key West, Florida

Estimate: $400