Watch List notes:

Bogota, Colombia, cob 2 reales, (1)725/4, assayer S to right, mintmarks F to left and NoR between pillars, 2-II flanking shield, very rare. Restrepo-M72.4; S-B13; KM-19; CT-unl (222 for Type). 6.52 grams. Full shield (lions and castles transposed) and pillars (slightly doubled) with nearly full legends including clear bottom half of date 725 (first digit omitted) with clear 5/4, full king's ordinal V and parts of his name, richly toned Fine+ with hole to right of shield.

Estimate: $1000-1500