Watch List notes:

Encrusted small silver "splash" ingot (no markings), 285 grams, ex-Concepcion (1641). 3-3/4" x 3-1/4" x 3/16". A flat pancake of silver (but irregularly shaped) with one side and most of the other completely cocooned in white/gray encrustation, no markings visible in the exposed area (but probably unmarked contraband anyway). From the Concepcion (1641).
($500-750)