Watch List notes:

Potosi, Bolivia, cob 8 reales, 1653E, •PH• at top. S-P37a; KM-21; CT-437. 20.70 grams. Choice full cross, full pillars-and-waves with very bold •PH•, two dates and assayers, three mintmarks, a bit worn from corrosion but with dark, contrasting toning on fields. Pedigreed to the Rob McClung collection. Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador

Estimate: $300