Watch List notes:

Lima, Peru, cob 2 reales Royal, 1718M, rare. 5.92 grams. Choice full cross and full pillars-and-waves, a bit worn (Fine+) but evenly struck as expected for a Royal, perfectly round but slightly underweight (possibly shaved), with plugged hole below cross, two dates and assayers, three mintmarks, nicely toned. Also noteworthy is a very clear backwards N in the legend. Pedigreed to the Heritage auction of January 2004 (lot #13587).

Estimate: $900 - 1350