Watch List notes:

Mexico. Philip III. 1598-1621. AR 2 reales (25.3 mm, 6.47 g, 6 h). "cob". Mexico City mint. Arms of Spanish Mexico / [...] [o]/M [...], Cross in quatralobe, lions and castles in opposing spandrels. KM 32.2. Fine, irregular flan as is usual for cobs, no part of the legends made it onto flan; areas of weak strike, both sides - nice for these.