Watch List notes:

Potosi, Bolivia, cob 8 reales, (1649O), no countermark (rare). S-P35; KM-19b; CT-506. 13.07 grams. Very thin from corrosion and wear but with decent full cross and shield nonetheless (also nearly full crown), clear PHELIPVS in legend, toned. With hand-signed Herman Moro certificate. Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador

Estimate: $150-225