Welcome to the forum, frosty!
We have some experts on Spanish Colonial coins (I'm not one of them) who can give a more definitive answer; however, I'd say it definitely has a fair chance of being real.
I have an 1807 2 reale coin for comparison and the portrait looks like a pretty good match. This coin also has a whole lot of "chop marks." These were used in the Orient to mark good silver; however they reduce the market value of the coin. If I were to counterfeit this coin, I'd not chop mark it and reduce the sale price.
I'm sure some of our forum experts can give you a better answer (though the pictures are kinda small, especially the reverse).
We have some experts on Spanish Colonial coins (I'm not one of them) who can give a more definitive answer; however, I'd say it definitely has a fair chance of being real.
I have an 1807 2 reale coin for comparison and the portrait looks like a pretty good match. This coin also has a whole lot of "chop marks." These were used in the Orient to mark good silver; however they reduce the market value of the coin. If I were to counterfeit this coin, I'd not chop mark it and reduce the sale price.
I'm sure some of our forum experts can give you a better answer (though the pictures are kinda small, especially the reverse).


















