Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R (Rincon) to left, large R, motto as PL-VSVL-T, legends split as HISPAN / NIARVM. S-L1; KM-8; CT-482. 6.11 grams. Broad flan with full but partially flat legends, full and non-doubled inner details, AXF details with contrasting sediment around details, light surface corrosion.

Estimate: $400 - 600