Mexico City, Mexico, cob 8 reales, Philip III, assayer F (pre-1607), mounted cross-side out in 14K gold bezel with swivel bail. 32.89 grams total. Well-toned coin struck on a wavy flan with king's ordinal and GR(ATIA) visible on shield, nicely centered cross side set in a flat-edged custom gold mounting.
Estimate: $250 - $375