Watch List notes:

Potosi, Bolivia, cob 2 reales, Philip III, assayer curved-leg RL, Grade 2, ex-Atocha (1622), mounted cross-side out in silver bezel with 14K gold prongs, shackle bail and double-dolphin embellishment. 12.34 grams total. Totally corrosion-free but with some flat spots in the otherwise choice full cross and shield, full P-RL with curved leg (making it look like a B), toned in crevices, mounted with cross rotated 90 degrees counterclockwise. From the Atocha (1622), with Fisher tag and certificate 85A-143356 (erroneously attributed to assayer B).
($1000-1500)