Watch List notes:

Toledo, Spain, cob 2 escudos, Philip II, assayer M below mintmark oT to left, PCGS AU50 Cal-862. 6.68 grams. Broad flan with full shield and cross and crown (all typically low-relief), full and clear oT-M to left and bold full denomination consisting of two dot-topped I's, hint of luster.
($1500-2250)