Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip V, assayer not visible. 25.40 grams. Nearly full shield and most of cross clear despite the fact that the coin is uncleaned and encrusted, looks very solid and uncorroded. Pedigreed to the Thomas Gray collection and formerly displayed at the ANA Money Museum's "Treasures of the Deep" exhibit (2014-15). Recovered from: Spanish 1715 Fleet, east coast of Florida

Estimate: $125 - 200