Watch List notes:

Lima, Peru, 1/2 real, Philip II, assayer R (Rincon), legends split as HISPAN / IARVM and ending in INDIARV. S-L1; KM-3; CT-702. 1.63 grams. Moderately corroded but with most of legends bold, inner details weak, no doubling or toning.

Estimate: $125 - 200