Watch List notes:

Potosi, Bolivia, cob 2 reales, Philip II, assayer L over erased M below mintmark P to left, rare. S-P3; KM-3.3; Cal-unl. 6.77 grams. Very broad flan with 100% full crown (with lower loop) and much legend, choice full shield and cross-lions-castles ("flat" lions), bold P-L with obvious erasure behind the L that has to be a former M, lightly toned AXF, overall superior to Sellschopp #64 (same obverse die, similar reverse die) but with hole near bottom. Pedigreed to the Barry Stallard collection.
($200-300)