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; CT-481. 6.66 grams Nearly perfectly round with bold but doubled inner details, full legends in places but otherwise peripherally flat, VF+ for actual wear, with toning and sediment in crevices.
($350-500)