Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R to right (Rincon), motto as PL-VSV-TR, legends HISPA- and -NIARVM. S-L1; KM-8; CT-484. 6.07 grams. Darkly toned all over, with much bold legend and full inner details (the R a bit weak, but very scarce as to the right instead of left, which is unlisted in Sellschopp), XF for wear but with very minor surface porosity. Curiously, the A in INDIARVM is upside-down.

Estimate: $400