Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip III, assayer Q, Grade 1, ex-Atocha (1622), mounted cross-side out in heavy silver pendant with 14K gold prongs, shackle bail and pirate-face embellishments. 35.41 grams total. Smooth and nearly round silver bezel with gold pirate face at bottom and two prongs near top, the coin itself with off-center cross (mounted 90 degrees clockwise) but nice full shield with clear P-Q, nicely toned. From the Atocha (1622), with original Fisher certificate 85A-155966 (tag missing).

Estimate: $1250 - $2000