Watch List notes:

Lima, Peru, 4 reales, Philip II, assayer R (Rincon), small R, motto as PL-VSV-TR, legends split as HISPA / NIARVM, rare. S-L1; KM-10.1; CT-311. 12.36 grams. Broad, round flan with nearly full but partially flat legends, bold pillars and shield (the latter typically doubled), toned XF with minor surface porosity and marks.

Estimate: $1250 - 2000