Watch List notes:

Toledo, Spain, cob 4 reales, 1622 P, mounted cross-side out in 14K gold bezel with fixed bail. 21.64 grams total. Bold full date above choice cross (perfect for the 400th anniversary of the 1622 Fleet!) and choice full shield as well, with bold mintmark and denomination, all with super-contrasting toning in crevices, interesting odd shape emphasized by contour-mounting in square-sided gold.
($700-1000)