Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip IV, assayer not visible (P). KM-45. 24.06 grams. Broad flan with much variation in thickness resulting in flat areas, the full denomination 8 and most of the shield and cross bold, minor surface corrosion, patchy light toning. Recovered from: Concepcion, sunk in 1641 off Hispaniola.

Estimate: $200 - $300