Spanish silver cob "piece of eight" two Reales minted 1700 in Potosi, Bolivia during the reign of Carolus II.
Obverse: cross with lions and castles.
Reverse: Pillars and waves with legends and date.
Custom set into a 14k yellow gold bezel pendant, measuring approximately 1.5 inches from the top of the bail to the bottom of the bezel, 1 and 1/8th inch wide.
Carlos II, known as "Carlos the Mad", inherited the Spanish throne at the age of four. Kept occupied with combating Louis XIV of France, and the intrigues of his Mother's court, the economy of Spain worsened despite heavy taxes and the treasure ships from the New World. With Carlos's death in 1700, the line of the Spanish Hapsburgs was ended.