Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip IV, assayer not visible (P). KM-45. 26.25 grams. Crude flan with uneven thickness and flat areas but practically no corrosion, most of cross and shield, small spots of dark toning. Recovered from: Concepcion, sunk in 1641 off Hispaniola.

Estimate: $200 - $300