Watch List notes:

Potosi, Bolivia, cob 4 reales, 1653 E with PH at top, rotated-4 denomination, ex-Capitana (1654), mounted pillars-side out in 14K gold bezel with fixed bail. 11.42 grams total. Full pillars with particularly bold PH, denomination rotated 4, assayer E and date 53, the cross side corroded, all nicely toned. From the Capitana (1654).
($200-300)