Watch List notes:

Lima, Peru, 1/4 real, Philip II, assayer R (Rincon) to left of crowned I, legend starting on that side, very rare. S-L1; KM-1; CT-761. 0.56 gram. Broad flan with full legends PHILIPVS II D / HISPANIARVM (despite a few flat areas), weak assayer R to left of crowned I, full crowned R on reverse, VF with patchy dark toning, much better than the usual (salvaged) condition for this rare type (first coinage of South America). Pedigreed to our Auction #11, lot #686. ($1250-2000)