Watch List notes:

Lima, Peru, 1/2 real, Philip II, assayer R to left (Rincon), legends HISPA(N)- and -IARVM. S-L1; KM-3; CT-702. 1.56 grams. Lightly corroded VF with some bold legend (king's name and ordinal) and inner detail (mintmark and assayer) despite flat areas, lightly toned.

Estimate: $125