Watch List notes:

Mexico City, Mexico, cob 4 reales, Philip V, assayer not visible, ex-1715 Fleet, mounted cross-side out in thick silver bezel with 14K gold prongs, shackle bail and pirate-face embellishment. 20.27 grams total. Choice full cross and nearly full shield with light toning and practically no corrosion, mounted with cross upside-down in nearly vertical oval shape (the edge probably lightly rounded to fit). From the 1715 Fleet, with photo-certificate.
($200-300)