Watch List notes:

Seville, Spain, cob 8 reales, Philip V, assayer M, very rare. CT-Type 156. 26.18 grams. Seldom-seen type (first we have seen from a shipwreck) with full S-M to left of full Bourbon shield, bold full cross with ornament to left, light surface corrosion with spots of toning around details. With photo-certificate from the salvager (misattributed to Charles II). Recovered from: Association, sunk in 1707 off the Isles of Scilly, southwest of England
($350-500)