Lima, Peru, gold cob 8 escudos, Philip V, assayer M (date not visible, 1720s), mounted pillars-side out in 18K gold pendant with snap-close bail. 38.29 grams total. Interesting multi-layer round bezel (not contour-mounted) with three fleur-type prongs and larger bail (snap-close type) around a lightly toned XF coin with bold denomination and assayer and tops of pillars but rest of coin double-struck, to the extent that the date is unclear.
Estimate: $6000 - $9000