Watch List notes:

Madrid, Spain, milled 2 reales "pistareen," Philip V, 1723A, 3 fleurs-de-lis, encapsulated NGC MS 65, finest known in NGC census. CT-1250; KM-296. Brilliant white luster, strongly struck with bold details, easily finest known with the closest example graded AU 55 in NGC census. NGC certification number 3841620009. ($400-600)