Mexico City, Mexico, cob 4 reales, Philip II, assayer not visible, mounted shield-side out in 14K gold bezel with shackle bail. 19.69 grams total. Interesting shape (amorphous), especially for the period (Philip II coins are usually round), with good full shield and cross (VF), the sturdy square-sided bezel neatly following the contour.
($300-$450)