Watch List notes:

Mexico City, Mexico, cob 4 reales, Philip V, assayer not visible, mounted cross-side out in heavy sterling silver bezel with 14K gold prongs, shackle bail and pirate face embellishment at top right. 22.32 grams total. Nearly full cross and shield, denomination dot-4-dot, Fine with toning in crevices.

Estimate: $125-200