Watch List notes:

Clump of two Spanish colonial bust 8 reales of Charles III (probably Mexico City, Mexico) in thick encrustation. 51.25 grams total. Two fairly solid coins embedded in white-and-brown encrustation with about a third of each coin exposed and brightly polished, one with Charles III obverse showing and the other showing the reverse. With generic certificate from the salvors. From: Cazador, sunk in 1784 off New Orleans, Louisiana
($250-375)