Watch List notes:

Potosi, Bolivia, cob 2 reales, Philip III, assayer Q, Grade 1, ex-Santa Margarita (1622), mounted cross-side out in 14K gold bezel with shackle bail. 10.97 grams total. Good full cross and shield with some peripheral flatness but minimal surface corrosion, nicely toned all over, mounted with cross rotated 90 degrees counterclockwise, probably lightly rounded on edge to fit the virtually round bezel. From the Santa Margarita (1622), with original Fisher tag and photo-certificate 5966.
($1500-2250)