Watch List notes:

SPAIN, Reino de España. Felipe II el Prudente. 1556-1598. AR 2 Reales (28mm, 6.78 g, 6h). Madrid mint. Dated 1597. Crowned coat-of-arms; II (mark of value) to left, to right, (MA) above G / Coat-of-arms of Castile and Leon within octalobe. Cf. ME 3593. VF, oned, some areas of weak strike. An attractive example, possibly minted from New World silver.