Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip III, assayer Q, Grade 1, ex-Atocha, mounted cross-side out in 14K gold bezel with shackle bail. 32.72 grams total. Solid coin with choice full cross and shield despite light surface corrosion, lightly toned, perfectly round bezel (the coin probably lightly rounded on edge). From the Atocha (1622), with Fisher tag and certificate 85A-158344.
($1500-2250)