Watch List notes:

Potosi, Bolivia, cob 1 real, 1653E, •PH• at top. S-P37a; KM-13; CT-1053. 4.00 grams. Nice full cross, full pillars with bold •PH•, clear date and mintmark, two assayers, minimal corrosion, low contrast. Recovered from: Consolacion, sunk in 1681 off Isla Santa Clara, Ecuador

Estimate: $125