Watch List notes:

Potosi, Bolivia, cob 8 reales, (16)49O, ex-Capitana (1654), mounted cross-side out in 14K rose-gold bezel with large bail. 38.57 grams total. Broad-flan coin with choice full countermark in the very middle of a full but somewhat flat cross, full shield on other side, light surface corrosion with contrasting toning, heavy but simple bezel with massive bail to accommodate a large chain. From the Capitana (1654).

Estimate: $350-500