Watch List notes:

Potosi, Bolivia, cob 8 reales, 1654E, small •PH• at top. S-P37a; KM-21; CT-438. 26.25 grams. Bold, fat pillars with unusually small PH but large mintmarks and assayers (two of each on that side), off-center cross, solid with minimal surface corrosion, mostly toned. Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador

Estimate: $250