Watch List notes:

Toledo, Spain, cob 2 escudos, Philip II, assayer M-in-circle below mintmark oT to left. Cal-865. 6.67 grams. Typically full and well-detailed shield and cross, full mintmark-assayer to left and denomination II with dots above on right, AU with encrustation in crevices, marks on part of cross.
($700-$1,000)