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. 6.03 grams. Broad flan with nearly full details (including legends) but somewhat crude due to doubling and light surface corrosion, AXF overall, lightly toned.

Estimate: $250-375