Watch List notes:

Lima, Peru, 4 reales, Philip II, assayer R (Rincon), motto as PL-VSV-T, legends split as HISPANIA / NIARVM, rare. S-L1; KM-10.1; CT-313. 12.44 grams. Broad flan with superb full inner details and much bold legend, devoid of the usual obvious doubling and unevenness, nicely toned and lacking virtually any corrosion (XF details). By our records, the odd manifestation of the motto on this coin (lacking the L and R in VLTRA) is currently unique.

Estimate: $1750 - 2500