Watch List notes:

Seville, Spain, cob 4 reales, Ferdinand-Isabel, assayer Gothic D on reverse. Lopez de la Fuente-H5.6; Cal-564. 11.38 grams. Full and clear inner details including bold mintmark S to left and denomination o-IIII to right, with contrasting toning in crevices, only light surface corrosion, the legends a bit truncated due to rounding of the edge by a modern jeweler, scarce early issue as from this wreck. With generic (small) certificate from the salvor.Recovered from: Santiago, sunk in 1585 off Mozambique, east of Africa.

Estimate: $200 - $300