Watch List notes:

Valladolid, Spain, cob 8 reales, Philip II, assayer oA to right, denomination 8, rare. CT-280. 20.92 grams. Very bold full shield and cross, king's name PHILIPPVS, denomination 8, nice light toning, minimal surface corrosion but parts of edge smoothed away (probably to fit into a bezel at one point). Pedigreed to the Charles Eidel collection. Recovered from: Santiago, sunk in 1585 off Mozambique, east of Africa ($250-375)