Watch List notes:

Potosi, Bolivia, cob 8 reales, 1654E, •PH• at top. S-P37a; KM-21; CT-438. 26.27 grams. Three dates, solid but with light surface corrosion that makes the E to the right of the cross look like E over retrograde E, bold king's ordinal IIII, slightly off-center strike, toned in crevices. Note: This lot is actually from the Capitana (1654), not the Maravillas (1656). Recovered from: Maravillas, sunk in 1656 off Grand Bahama Island ($300-450)