Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip III, assayer not visible, Grade 2. 18.04 grams. Crude flan due to both uneven thickness and edge-corrosion, still with good shield and cross (both nearly full), lightly toned. With Fisher tag and photo-certificate #7920. Recovered from: Santa Margarita, sunk in 1622 west of Key West, Florida
($400-600)