Watch List notes:

Potosi, Bolivia, cob 8 reales, 1653E, PH at top. S-P37a; KM-21; CT-437. 27.55 grams. Very solid and uncorroded and with deeply contrasting toning, full but doubled pillars-and-waves, full but off-center cross with 100% full PHILIPPVS IIII, parts of edge slightly crude (as made). Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador

Estimate: $200-300