Watch List notes:

Potosi, Bolivia, cob 8 reales, 1651E, with crowned-dot-F-dot countermark (4 dots) on shield. S-P36; KM-19b; CT-511. 23.64 grams. Bold 165 of date and most of countermark, full cross and crown and shield, nicely contrasting toning, no corrosion except at very edge. Pedigreed to our Auction #5, with original lot-tag #254. Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador (Estimate: $600 - 900)