Watch List notes:

Lima, Peru, cob 2 reales, 1707R, ex-Princess Louisa (1743), mounted pillars-side out in heavy sterling silver bezel with 14K gold prongs, shackle bail and pirate face embellishments at bottom. 12.38 grams total. Choice full pillars, off-center cross, light to moderate surface corrosion, nicely toned. From the Princess Louisa (1743).

Estimate: $150-225