Watch List notes:

Potosi, Bolivia, cob 4 reales, 1653E, PH at top, rotated denomination 4, ex-Capitana. S-P37a; KM-18; CT-740. 13.58 grams. Choice for salvage (no corrosion, VF+ details), excellent full cross, nearly full but off-center pillars, two dates, bold backwards denomination, full POTOSI in legend, toned on fields. From the Capitana (1654) and pedigreed to the Ponterio auction of April 1999, lot #286.

Estimate: $300