Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R (Rincon) to left, motto PL-VSV-TR, legends HISPAN / NIARVM. S-L1; KM-8; CT-479. 6.01 grams. Bold full legends and interiors except for assayer (which is weak), close to AU but with faint surface porosity, toned around details.

Estimate: $350-500