Watch List notes:

Potosi, Bolivia, cob 8 reales, Philip III, assayer T, quadrants of cross transposed, Grade 2, ex-Atocha (1622), mounted cross-side out in heavy silver pendant with 14K gold prongs, shackle bail and pirate-face embellishment. 38.72 grams total. Smooth, contour-mounted bezel with prongs at two, six and ten o'clock, pirate face at five, the coin with bold full shield and cross (which is mounted 90 degrees clockwise), with fairly clear denomination o-VIII and mintmark-assayer P+T (assayer not mentioned on tag or certificate). From the Atocha (1622), with original Fisher tag and certificate 85A-159939.

Estimate: $900 - $1350