Watch List notes:

Cartagena, Colombia, cob 2 escudos, 1(6)32E, mintmark C above assayer E to right, rare. S-C7; KM-4.6 ;CT-132. 7.01 grams. Digit 6 in date is missing (reads as "132"), but clearly the style is of 1632, with + ornaments inside and outside the tressure around the cross, which is full and choice, as is also the shield and most of the crown, bold +C-E+ to right, lustrous and high grade (Mint State), probably from a shipwreck, inexplicably overweight.

Estimate: $3000 - 4500