Watch List notes:

Lima, Peru, cob 4 reales, Philip II, assayer X, very rare. S-L3; KM-11; CT-327. 12.20 grams. Very broad flan with 100% full legends and fine full inner details (slightly doubled), nicely toned but with light surface corrosion (XF details), bold full P-X, probably less than 10 known and different dies from the only other one we sold (Auction #17, lot #722) in that HISPANIARVM includes the first letter H.

Estimate: $1250