Watch List notes:

France (Pau mint in the province of Bearn), ecu, Louis XV (large bust), 1748, mintmark cow. Dav-1331A; KM-518. 28.16 grams. Bold XF+ with heavy adjustment marks on head and corresponding weak spot on reverse, no corrosion, light toning with dark spots in obverse legend. With original (generic) certificate from the salvagers. Auguste, sunk in 1761 off Nova Scotia, Canada

Estimate: $200-300