Watch List notes:

Potosi, Bolivia, cob 2 reales, Philip II, assayer L/L over erased M(?) below mintmark P to left, rare. S-P3; KM-3.3; Cal-unl. 6.91 grams. Small-flan AXF with lovely old toning, choice full cross-lions-castles (Rincon-style reverse) and shield with very bold L punched over an offset L that appears to have been previously punched over an erased letter (probably M). Pedigreed to the Barry Stallard collection.
($200-300)