Watch List notes:

Clump of 2 Spanish colonial 8 reales in a "biscuit" cocoon of shells and encrustation (as found). 51.86 grams. Like an oreo cookie with dark-gray "wafers" (the coins puffed up with oxidation) and white "cream" (encrustation), solid and stable, nice display. Recovered from: Cazador, sunk in 1784 off New Orleans

Estimate: $125