Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R (Rincon) to right, motto PL-VSV-TR, legends HISPA / NIARVM. S-L1; KM-8; CT-479. 6.16 grams. Smallish flan with full inner details and most of legends, the pillars side off-center and the shield side with speckled toning, VF with light surface corrosion.
($200-300)