Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip IV, assayer P, ex-Concepcion (1641), mounted cross-side out with large, 18K white-gold and silver bail at top. 24.81 grams total. A corroded coin with full shield and cross, somewhat concave, with heavy bail simply cinched over the top. From the Concepcion (1641).
($100-150)