Watch List notes:

Mexico City, Mexico, cob 4 reales, Philip V, assayer J, ex-1715 Fleet, mounted cross-side out in heavy silver pendant with 14K gold prongs, shackle bail and pirate-face embellishment. 21.84 grams total. Heavy custom silver bezel with rounded edges, three gold prongs, sturdy bail and pirate face on cross side with cross turned 90 degrees, oMJ visible to left of shield on reverse. From the 1715 Fleet, with photo-certificate.

Estimate: $175 - $250