Watch List notes:

SPAIN. 2 Pesetas, 1870(74)-DE M. Madrid Mint. PCGS Genuine--Cleaned, AU Details.

KM-654; Cal-31. An intriguing Spanish issue whose actual year of production can be ascertained by examining the date at the centers of the two six-pointed stars. Surfaces are retoned with pleasing, mottled lilac gray color that stretches across the fields.

The year 1874 was tumultuous for Spain, as the government of the First Republic was ousted by a military coup. In December, the Bourbon Dynasty was restored when Alfonso XII was established as king.

Estimate: $60 - $100