Watch List notes:

Potosi, Bolivia, cob 1/4 real, Philip III, no assayer or mintmark, small lion, no crown, very rare. Janson-12.2. 0.66 gram. Bold full castle and lion (small) inside large-dot borders (bold) with no crown on either side, just a few letters of legend visible, possibly parts of PLVS VLTRA like we see on 1/2R of the period, bold VF with toned fields. This type was totally unknown to Sellschopp.

Estimate: $500