Watch List notes:

Potosi, Bolivia, cob 8 reales, 1653E, •PH• at top. S-P37a; KM-21; CT-437. 24.68 grams. Bold full pillars-and-waves, good but off-center cross, two assayers and mintmarks, bold PH, king's ordinal IIII in legend, nicely toned VF with inexplicably low weight since edges and surfaces are intact.

Estimate: $200