Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R (Rincon) to left (small) PL-VSV-L, legends HISPA / NIARVM. S-L1; KM-8; CT-481. 5.67 grams. Broad flan with nearly full legends (full king's name), particularly choice (bold) inner details with contrasting toning, AU- with minimal surface pitting.
($600-900)