Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip IV, assayer P (late 1620s), ex-"Panama hoard" (ca. 1629), mounted cross-side out in sterling silver bezel with gold prongs and freely moving bail. 39.90 grams total. Bold assayer, good full cross and shield, VF with typical orange sediment in crevices. From the ca.-1629 "Panama hoard."

Estimate: $250-375