Watch List notes:

Lima, Peru, cob 1 real, Philip II, assayer Diego de la Torre, *-P to left, oD-I to right, rare. S-L4; KM-unl.; CT-unl. 3.18 grams. Broad flan with choice full shield and cross (AU details), lightly toned, much legend, light surface porosity, least-seen of all the Diego 1R varieties.

Estimate: $125