Watch List notes:

Mexico City, Mexico, cob 2 reales Royal, 1715J, extremely rare. S-M22; KM-R35; CT-1257. 6.26 grams. A perfect beauty in terms of strike and flan, perfectly round and even and fully detailed, totally unlike the regular cobs and a different breed from Royals of earlier periods, with a handful of specimens known in this denomination but nowhere near as common as the 1/2R, richly toned VF+ with inevitable hole at top (axes aligned), first of its kind we have ever offered. ($5000-10000)