Watch List notes:

Potosi, Bolivia, cob 2 reales, Philip III, assayer not visible, Grade 4, ex-Atocha (1622), mounted cross-side out in silver bezel with 14K gold prongs, shackle bail and pirate-face embellishment. 12.06 grams total. Full cross and shield with nice toning but light corrosion, mounted with cross rotated 90 degrees clockwise to make for a nicely vertical oval shape, the edge probably lightly rounded to fit the wide flat bezel. From the Atocha (1622), with Fisher tag and certificate 85A-240490.
($600-900)