Watch List notes:

Potosi, Bolivia, cob 8 reales, 1653E, •PH• at top. S-P37a; KM-21; CT-437. 21.00 grams. Small flan with deep, dark toning all over, bold •PH•, full but doubled pillars-and-waves, full cross, all three mintmarks and assayers and dates at least partially visible, some corrosion. Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador

Estimate: $200