Watch List notes:

Mexico City, Mexico, cob 4 reales, Philip V, assayer not visible, encrusted (as found), ex-Fisher. KM-40; Cal-Type 139. 15.50 grams. Thickly encrusted on both sides (gray with tinges of orange and green), with only part of the shield visible, solid and probably uncorroded. With original (generic, small) Treasure Salvors certificate hand-signed by Mel Fisher. From: Spanish 1715 Fleet, east coast of Florida
($200-300)