Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip III, assayer not visible, Grade 2, NGC Sao Jose / shipwreck effect. KM-32.1 or 32.2. Good full shield and cross, king's ordinal III, light surface corrosion and uneven toning (needs to be cracked out and re-cleaned). With original (generic) certificate from the salvagers. Sao Jose, sunk in 1622 off Mozambique, east of Africa

Estimate: $200-300