Watch List notes:

Panama, cob 2 reales, Philip II, assayer oB to right, mintmark AP above denomination II to left, very rare. S-AP4; KM-3.3; CT-506. 6.73 grams. Nicely toned VF with good full shield, doubled full cross, much bold legend, very bold mintmark and assayer. Die match with Proctor 2R.1B.

Estimate: $2000 - 3000