"Ob" appears as a sum of money in a property list of 1598, written in Latin with lots of abbreviations. What does it mean in this context?
The monetary system of an important part of medieval Europe was based on the non-decimal librae, solidi, and denarii system, (the UK only abandoned such system in 1971). A smaller subdivision of the denarius was the obolus, equivalent to half a denarius (or a halfpenny). This was abbreviated as ob. It can be found in tons of medieval documents. Meanwhile, q corresponds to a quadrans, one quarter of a denarius.
For example, in the Valor Ecclesiasticus, the famous survey of the finances of the Church conducted by Henry VIII, we find this monetary system:
Notice how £, s. and d. are written at the top of the line, with the quantity at the bottom, whereas ob and q are written directly as quantities. This is because the subdivisions within the denarius only need to write these symbols once. For instance, 1/4 is just q, 2/4 is ob, and 3/4 is ob q. In other pages you can see sometimes ob and q alone.
pounds (libre) sterling, are written £, shillings (solidi) s., pence (denarii) d., halfpenny (obolus) ob., farthing (quadrans) q., and mark (marca) mr.; ...
Possibly an obol, which came to be whatever was the smallest coin in circulation, though originally a Greek copper coin, the sixth part of a drachm, notable as the coin which accompanied the dead to pay Charon the ferryman. In my Latin dictionary as obolus.
The National Archive UK runs a Latin course to help those using original sources for local history.
The National Archives | Palaeography tutorial
‘obolus’, a Roman coin.. The word obolus, -i (m.) is usually abbreviated to ‘ob’. ob[ol’]
Source: The National Archives Website
Ainsworth has a section on abbreviations.
Ob =obiit, he died.
I'm guessing you knew that and discounted it. But the second meaning is more interesting, and only context can show if it is appropriate:
Ob = obryza
Obryza vid. obrussa
Obrussa, (various spellings obrisa,obrusa,obryza, etc, uncertain etymology) (1) the test or essay for gold whether it be fine or no. (2) meton. any trial, or probation.
Obryzatus, made of the finest gold. ex auro ad obrussam Pliny 33.3. aurum obryzum, made of the finest gold, Suetonius Ner. 44