Mexico City, Mexico, cob 4 reales, Philip V, assayer not visible, ex-1715 Fleet, mounted cross-side out in very thick silver bezel with 14K gold prongs, shackle bail and pirate-face embellishment. 21.46 grams total. Solid coin with minimal surface corrosion, full cross and most of shield, 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)