Watch List notes:

Valladolid, Spain, cob 4 reales, (1)611(H), rare. CT-311; KM-33.6. 12.60 grams. Choice full shield with bold denomination IIII (vertically) to right and mintmark (four horizontal waves) at upper-left, clear 611 of date above nearly full but lightly corroded cross, nicely contrasting toning all over. (Note: CT gives this rare issue a value of 1,000 Euros!) With NGC tag and pedigreed to our Auction #14, with original lot-tag #413. Recovered from: Sao Jose, sunk in 1622 off Mozambique, east of Africa

Estimate: $200