Potosi, Bolivia, cob 8 reales, 1628T, from the ca.-1629 "Panama hoard." 24.33 grams. Squarish flan with somewhat jagged edges (as made, the low weight therefore inexplicable), good full shield and cross, bottom half of date, only AVF but loaded with contrasting orange sediment in crevices.
Estimate: $200 - 300