Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip IV, assayer P, mounted cross-side out in silver bezel with 14K gold prongs, pirate-face embellishment and shackle bail. 39.09 grams total. Full cross and shield, bold denomination and assayer, somewhat worn (About Fine) but with contrasting toning, thick and heavy bezel.
($150-225)