Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip IV, assayer P, ex-Concepcion (1641), mounted cross-side out in thick silver bezel with 14K gold prongs, shackle bail and pirate-face embellishment. 42.83 grams total. Massive barrel-shaped piece consisting of a very solid and uncorroded coin with full shield and cross (also full oMP), toned in crevices, but typically flat peripheries. From the Concepcion (1641), with photo-certificate.
($300-450)