Watch List notes:

Mexico City, Mexico, cob 4 reales, Philip V, assayer J ("new" style of 1714-5), ex-1715 Fleet, mounted cross-side out in heavily silver pendant with 14K gold prongs, shackle bail and pirate-face embellishment. 23.45 grams total. Uneven dark toning with well-centered cross, mounted in custom gold-and-silver setting with pirate-face embellishment at bottom. From the 1715 Fleet, with photo-certificate.

Estimate: $200 - $300