Watch List notes:

Cuzco, Peru, cob 2 escudos, 1698M, from the 1715 Fleet, encapsulated NGC MS 64, finest known specimen graded by NGC (by two grades). S-CZ1; KM-28; CT-122. 6.7 grams. Well centered on a very broad and roundish flan ("Lima cut," as opposed to a distinctly smaller and thicker "Bogota cut," leading some to believe examples like this one are presentation pieces of some sort), with full legends and beautiful details (the pillars very slightly doubled), lustrous and as choice as they come, fully deserving of its lofty "finest known" status. (Note: An NGC MS 63 example exists, but is clearly tooled and shaved [5.9 grams] and therefore we can safely omit it from the actual census as a grading error.) From the 1715 Fleet.

Estimate: $5000 - 10000