Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left (M-L). Nesmith-85, Cal-101; S-M9; KM-12. 5.02 grams. Typically rusty brown in color (some sedimentation remains), with details a bit worn from oxidation but with clear interiors and crown and most of legends. Recovered from: Spanish 1554 Fleet off Padre Island, Texas.

Estimate: $200 - $300