Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip IV, assayer not visible (P), ex-Maravillas (1656), mounted cross-side out in heavy silver pendant with 14K gold prongs, shackle bail and pirate-face embellishment. 37.29 grams total. Heavy custom silver and gold mounting around a somewhat oblong, corroded coin with some cross and shield visible, pirate-face embellishment at bottom right. From the Maravillas (1656), with original MAREX tag 91-8R-1074.

Estimate: $250 - $375