Watch List notes:

Mexico City, Mexico, cob 2 reales, 1654P, full date (rare). S-M19; KM-33; CT-869. 4.69 grams. Choice full date and mintmark, good full cross and off-center shield, patchy toning, AVF details but with light surface corrosion as from unspecified salvage.

Estimate: $150 - 225