Watch List notes:

Lima, Peru, cob 2 escudos, 1709M, from the 1715 Fleet, encapsulated NGC MS 61. S-L28; KM-36; CT-303. 6.78 grams. Hint of luster and light red toning, full and well-centered pillars-and-waves and cross-lions-castles, the date often misread as 1700 since the tail of the 9 merges into the top wave. From the 1715 Fleet, with original cardboard holder from the late 1960s or early 1970s.

Estimate: $5000 - 7500