Watch List notes:

Caracas, Venezuela, "imitation cob" 2 reales, date "184" (early 1800s), NGC AU details / reverse scratched. Cal-747; KM-C13.1; Stohr-9. 5.00 grams. Large choice planchet with most details visible including full pillars-and-waves and cross-lions-castles (transposed quadrants), all three M's and L's in the "mintmark" and "assayer" positions, respectively (relative to colonial cobs), lightly toned over traces of muted luster.

Estimate: $300 - $450