Mexico Spanish COB?

Hello. I'm hoping someone can confirm the ID of this coin and suggest a value. Thanks for any help that is offered.

 

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looks real (or reale-- yuck, yuck.)

 

Looks like you found a piece of sunken treasure. Watch out, Spain may lay claim to it.

 

I believe it's a Spanish homeland type 2 reales of Philip III rather than a Mexico or other colonial issue. Value around $50.

 

It could be from Bolivia too and maybe it is Philip II. Too bad that the Spaniards had to mint them in such crude designs, but of course they had to take them out of the American continent in order to pay for their European wars... Cool item though! Agree with Numismat that they sell for about $50.

 

Nice fine. Thanks for sharing.

 

I'm not super familiar with these, but I remember the Spanish homeland types have the denomination horizontal rather than vertical like this. And also some of the Philip III pieces have a coat of arms with two shields, with the one at the top looking like the Portuguese shield. The combination of these led me to my conclusion. My apologies to the OP if it's not a solid identification

 

Thanks to everyone for your input!