Watch List notes:

Lima, Peru, cob 2 reales Royal, 1732N, cut into Heart shape, very rare. S-L21; KM-unl. (cf. R32); CT-unl. 5.28 grams. Choice full pillars and cross in true medallic alignment, rather accurately Heart-shaped but cut that way post-minting (note the low weight), with holes at top and bottom of cross, beautifully toned AXF, interesting pedigree to a small collection of (genuine) Hearts sold together in 1985. Pedigreed to the Coin Galleries (Stack's) auction of July 1985 (lot #1123).

Estimate: $250