Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R (Rincon) to right, motto PL-VSV-L, legends HISPA / NIARVM. S-L1; KM-8. 6.16 grams. Full but doubled shield, full pillars with bold mintmark at top, much legend, porous and lustrous XF with flat areas, some toning around details. (Estimate: $300 - 450)