Watch List notes:

Potosi, Bolivia, cob 8 reales, (1)649Z, with crowned-L countermark on cross, rare. 28.65 grams. With a broad, round flan and very high weight (like the last several lots), this non-salvage stands above the well-known shipwreck examples, this coin also with full countermark in center, bold cross and date and assayer, most of shield despite flat area, nicely toned AVF with typical edge-crack.

Estimate: $350 - 500