Watch List notes:

PERU, Lima, cob 2 reales, Philip II, assayer X to right, very rare, Grade 1, ex-Atocha Research Collection, Plate Coin 25. S-L3; KM-9; Cal-336. 6.42 grams. Bold full P-X to right and denomination ii to left of full shield, full cross with 4R-sized "dancing" or Segovia-style lions (typical of the early issues of Potosí, not seen on any other Lima coins), much legend (including king's name typically misspelled as PHILPPVS) despite slightly out-of-round shape, virtually no corrosion but somewhat worn, toned in crevices. With recent Fisher tag and photo-certificate 85A-236922 showing Grade (unlike the original Research Collection certificates). Recovered from: Atocha, sunk in 1622 west of Key West, Florida

Estimate: $3500 - $7000