Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip IV, assayer not visible (late 1620s), quadrants of cross transposed, ex-"Panama hoard" (ca. 1629), mounted cross-side out in heavy sterling silver bezel with gold prongs and freely moving bail. 41.64 grams total. Full but weakly struck cross and shield with traces of typical orange sediment in crevices, Fine overall. From the ca.-1629 "Panama hoard."

Estimate: $250-375