Watch List notes:

El Salvador, 2 reales, arms countermark (Type V, 1868) over crude arms countermark on obverse of a Mexico City, Mexico, bust 2 reales, 1787 FM, with incuse P countermark (unidentified) on reverse, unique combination. KM-unl. 5.84 grams. Lot going on here... a genuine coin (worn Good but with clear date and assayer and mintmark, apparently an unlisted host in KM) with deep and now crusty old incuse P countermark near edge on reverse, the other side stamped with a contemporary counterfeit (or at least unauthorized) countermark containing crude arms, and finally stamped with a genuine (official) arms countermark next to the prior one, all with toning in crevices, light old scratches on obverse.
($500-1000)