Watch List notes:

Cuzco, Peru, cob 2 escudos, 1698M, from the 1715 Fleet. S-CZ1; KM-28; CT-122. 6.76 grams. Small, chunky flan ("Bogota cut") with all inner details clear, AU with light red toning, interesting in that the accompanying holder from about 50 years ago states "only 4 in existence." From the 1715 Fleet, with original cardboard holder from the late 1960s or early 1970s.

Estimate: $4000 - 6000