Potosi, Bolivia, cob 2 reales, 1627P/T, quadrants of cross transposed, extremely rare. S-P23; KM-unl (14a for Type). 6.71 grams. Clear full date and mintmark but assayer messy (still clearly involving P, which is only the second we have seen in this denomination), full shield (partially flat) and cross (off-center), nicely toned VF.
Estimate: $600-900