Watch List notes:

Mexico City, Mexico, cob 8 reales, Philip III, assayer oF, very rare. S-M13 (under Ph II); KM-43 (under Ph II); Cal-882. 26.36 grams. Unevenly thick flan with good full shield and cross and nearly full crown, toned VF, bottom of king's ordinal III and fleur-de-lis spacers in legend, characteristic lions, clear oF assayer, touch of oxidation on part of edge.

Estimate: $350 - $500