Watch List notes:

SPAIN, Reino de España. Felipe II el Prudente. 1556-1598. AR 2 Reales (28mm, 5.56 g, 10h). Toledo mint. Dated (15)89 T (M in circle). Crowned coat-of-arms; to left, (annulet)/T/(M in circle); to right, pellets over II, date below / Arms within polylobe. ME 3648; Calicó –. Good VF, toned. The earliest dated 2 Reales from the Toledo mint.

From Group SGF.