Watch List notes:

Lima, Peru, 1 real, Philip II, assayer R (Rincon) to left, motto P-LVS-V, legends HISPA / NIARVM. 3.17 grams. Choice full shield with bold assayer-mark R, full but doubled pillars, some legend, XF with dark toning around details, expertly plugged hole at top right of shield / top left of pillars (aligned axes).

Estimate: $200 - 300