BOLIVIA: Felipe III, 1598-1621, AR 2 reales (11.84g), DM [1605-21], KM-8, cob issue in what appears to be a gold-filled custom bezel, but very well executed, light oxidation from saltwater immersion, VF, ex Nuestra Señora de Atocha (per consignor-no tag). Attribution is tentative, as most details are lacking.
Estimate: 100-200 USD