Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right (oPo-oMo), rare. Nesmith-20 type; S-M4; KM-11 ;CT-122. 6.60 grams. Nice XF details on a round flan with nearly full legends (well centered), no corrosion, nicely toned, rare with P to left and as a smaller denomination. Recovered from: "Golden Fleece wreck," sunk ca. 1550 in the northern Caribbean

Estimate: $1250 - 2000