Watch List notes:

SPAIN, Reino de España. Felipe II el Prudente. 1556-1598. AR 4 Reales (33mm, 13.49 g, 7h). Sevilla (Seville) mint; mm: S and quadrate D. Crowned coat-of-arms; S to left; annulet over III (denomination) to right / Arms within polylobe. ME –; Calicó 392. VF, toned. This type, with quadrate Ds and no lis below the crown, was apparently omitted from ME in error.

From Group SGF.