Watch List notes:

Lima, Peru, 4 reales, Philip II, assayer R to left (Rincon), denomination o-IIII to right, motto PL-VSVL-TR, legends HISPA- and -NIARVM, Plate Coin in Heiss and Sellschopp, unique. S-L1; KM-10.2; CT-308. 13.33 grams. Bold VF with solid rim all the way around (no thinning), nearly full legends and full inner details, the pillars side slightly off-center and the assayer slightly weak, but all nicely toned. The presence of a superfluous secondary denomination in Roman numerals to the right of the shield is unique and begs for an explanation but for now simply marks its desirable pedigree, for Sellschopp could offer no reason for it either, and Heiss thought it was an M! Pedigreed to the Sellschopp collection (Swiss Bank Corp. auction of September 1988, lot 5, where it sold for about $7,236), and plated as #3 in his book Las acunaciones de las cecas de Lima, La Plata y Potosi (1971), also plated as #13 in Alois Heiss' Descripcion General de las Monedas Hispano-Cristianas (1865).

Estimate: $10000