Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G). Nesmith-49e type; Cal-93; S-M5. 6.70 grams. Low-contrast AU with bold full details including legends, steel-gray color all over. Recovered from: "Golden Fleece wreck," sunk ca. 1550 in the northern Caribbean
($200-$300)