Watch List notes:

Lima, Peru, cob 2 reales Royal (galano), 1717 M, very rare, NGC holed, clipped. S-L20; KM-unl (R32 for type); Cal-698. 5.77 grams. Choice full details as expected for a Royal, with much legend despite the light clipping as noted, the inevitable hole located at the bottom of the cross, all nicely toned, VF for wear (not mentioned on label).
($2000-3000)