Watch List notes:

Cuzco, Peru, cob 2 escudos, 1698M, NGC MS 63, ex-1715 Fleet (designated on special label).S-CZ1; KM-28; Cal-855.6.79 grams.Mint records indicate that the brief cob production of the mint in politically turbulent Cuzco, limited to 1 and 2 escudos only (no silver and no other denominations), took place in no more than four strikings between May 1698 and August 1699, apparently using the same dies from 1698 without alteration. Specialists note a distinct dichotomy of flan-types--the broader and thinner "Lima cut" and the smaller but rounder "Bogota cut"--which could be indicative of different striking dates. In any case, the present coin is hands down the finest known (in terms of strike) of the smaller "Bogota cut," with full and well-centered inner details (deeply impressed), bottom of C.II for the king in the minimal legends, traces of luster and very light reddish toning all over, just lovely.From the 1715 Fleet.
($10000-20000)