Watch List notes:

Lima, Peru, cob 2 escudos, 1716M, rows of dots, rare variety with silver-cob design on pillars side. S-L28; KM-36 ;CT-310. 6.70 grams. Something must have happened at the mint in 1716, because in addition to the substitution of dots for the horizontal lines on the pillars side and the sprinkling of extra dots in the fields (see lot 19 above), somehow on the 2E only the pillars-side design was temporarily changed to the arrangement seen on silver cobs, with the date in three digits crammed in the bottom-center, flanked by assayer and mintmark (Tauler #253a), which was also tried briefly in 1710 (again on the 2E only). One of approximately three known specimens, this one shows nice full pillars-and-waves, full but off-center cross with most of king's name and ordinal in the legend, XF with hole at top of pillars.

Estimate: $4000 - 6000