Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P (not visible) to right, rare. Nesmith-25 for type; A-M4; KM-11 ;CT-123. 2.68 grams. Bold full crowned pillars and shield, some peripheral detail despite heavy corrosion and thinning, nicely toned. Recovered from: Spanish 1554 Fleet off Padre Island, Texas

Estimate: $350 - 500