Watch List notes:

Lima, Peru, 2 reales, Philip II, assayer R to right (rare), motto PL-VSV-TR, legends HISPA / NIARVM. S-L1; KM-8; Cal-335. 5.69 grams. Broad flan with bold full inner details, nearly full legends (including full king's name PHILIPVS), AXF with nicely contrasting toning, slight porosity.
($400-$600)