Mexico City, Mexico, cob 8 reales, Philip III, assayer F. 27.30 grams. Bold and well-detailed full shield and cross, full oMF, the peripheries totally flat (except for spot of horn silver above the oMF, decidedly NOT a plugged hole despite the fact that it corresponds to the bottom of the cross on the other side), otherwise VF with good contrast.
Estimate: $175 - 250