Watch List notes:

Potosi, Bolivia, cob 8 reales, 1654 E, dot-PH-dot at top, ex-Capitana (1654), mounted pillars-side out in custom sterling silver twisted-wire bezel with a double antique dolphin embellishment. S-P37a; KM-21. 36.40 grams total. Struck on a choice large flan with full cross and shield details, mounted in an unusual silver twisted-wire setting, dolphin embellishments on either side which double as prongs. From the Capitana (1654), with photo-certificate.

Estimate: $600 - $900