Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip V, assayer not visible (style of 1714-15). KM-47. 25.35 grams. Crude strike with much flatness but enough detail to recognize the "new style" shield of 1714-15 (cross side older), toned Fine with corrosion on cross as from unspecified shipwreck (probably 1715 Fleet).

Estimate: $100-150