Watch List notes:

Mexico City, Mexico, cob 2 reales, Philip III, assayer F, pre-1607 type (diamond-shaped stops in legend), mounted cross-side out in 14K gold pendant with fixed bail. 10.65 grams total. Broad-flan coin with much detail on cross and shield, nicely toned, in a somewhat dainty flat-edged custom gold bezel.

Estimate: $250 - $375