Watch List notes:

Mexico City, Mexico, cob 4 reales, Philip V, assayer not visible, encrusted as uncleaned, ex-Treasure Salvors. KM-40. 11.67 grams. One side completely coated in white and orange encrustation, the other side mostly exposed but without detail (corroded), desirable certificate. With original Treasure Salvors certificate (small) hand-signed by Mel Fisher. Spanish 1715 Fleet, east coast of Florida

Estimate: $90-135