Watch List notes:

Potosi, Bolivia, cob 8 reales, (1651) E, with crowned-PH countermark on shield. S-P36; KM-19b; Cal-1491. 25.14 grams. Very broad flan with edge-split and sharp point, much legend including king's ordinal IIII (but not the date), full but lightly corroded cross, good full shield with deep partial countermark in center and bold assayer E to right, nicely toned but also with large area of copper color on obverse. Recovered from: Capitana, sunk in 1654 off Chanduy, Ecuador.

Estimate: $300 - $450