Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip III, assayer M, Grade 2, ex-Atocha (1622), mounted cross-side out in silver bezel with 14K gold prongs and conquistador embellishment and shackle bail, also with galleon and pirate face embellishments covering shield side. 48.16 grams total. Bold full cross with contrasting toning, probably minimal corrosion but the shield side not visible due to gold galleon covering. From the Atocha (1622), with Fisher tag and certificate 118761.
($800-1200)