Silver pendant made from a shipwreck spanish colonial real silver cob 5.3g scrap

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This is a really cool pendant as it appears to have been made from a shipwreck coin. It could also be used as a watch fob.The silver of the bail is clearl y newer than that of the coin, so I think that the coin is real ly old as opposed to being a fake. I do not know what denomination it is, but it seems to look like a Bolivian 2 Reales cob coin. Hopefully, more knowlegeable people than me will be able to identify. At any rate, it starts just at scrap cost . It measures 7/8" in length without the bail and weighs 5.3 grams. Please check our feedback (100%) - we describe items as accurately as possible and we supply photos to your private email address if you wish. Returns are accepted if description was in error. Shipment in the US is priority mail with delivery confirmation. Shipped to U.S. addresses only. Payment is appreciated no later than 3 days after auction end.