Watch List notes:

Lima, Peru, cob 2 reales, Philip V, date and assayer not visible. 5.05 grams. Corroded with light encrustation, partial pillars and cross, bold denomination 2, pillars side date ends in 5 but the faint assayer makes it indeterminable as to whether it's 1725M or 1735N (the latter is more likely). Recovered from: Princess Louisa, sunk in 1743 off the Cape Verde Islands, west of Africa
($50-75)