Potosi, Bolivia cob 2 reales, Philip II, assayer L (1st period), with P-L over denomination ii to left and ii over P-M to right, rare. S-P3; KM-3.3. 6.85 grams. Choice full shield and cross but crude edge with hairline crack, XF with toning around details, clear old mintmark P above new denomination to right. (Estimate: $150 - 225)