Watch List notes:

Lima, Peru, cob 2 reales, Philip II, assayer X, very rare, Grade 2. S-L3; KM-9; Cal-336. 6.23 grams. Broad, thin flan with choice full cross-lions-castles, crown (showing clear x's between loops) and shield, to the right of which is a full and clear mintmark P and assayer X, with just one small patch of light surface corrosion near edge. This very brief issue from Lima typically shows the king's name erroneously as PHILPPVS, and this is the rarer variety with cross side struck from a new die (with "dancing" lions that Sellschopp called Segovia style) that was later used by Rincon at Potosi, the only other example of which we have seen (besides a holed and Guatemala-countermarked "moclon") being another Atocha specimen (ex-Research Collection) that was noticeably inferior to this one (despite the stated Grade). With Fisher tag and certificate 236077. From: Atocha, sunk in 1622 west of Key West, Florida
($5000-10000)