Watch List notes:

Mexico City, Mexico, cob 2 reales, Philip II, assayer F, rare variety with 3 castles in each quadrant. S-M12; KM-31; CT-499. 5.51 grams. Excellent full shield and cross (interesting variety), nicely toned AVF with natural edge-splits and minor marks, inexplicably underweight.

Estimate: $175 - 250