Watch List notes:

Lima, Peru, 4 reales, Philip II, assayer R (Rincon) to left, second denomination o-iiii to right, motto PL-VSVL-T, legends HISPA / NIARVM, extremely rare. S-L1; KM-10.1; CT-311. 12.45 grams. Broad flan with nearly full legends, bold full pillars and shield (the latter slightly doubled, slightly porous XF+ with nicely toned fields, full secondary denomination o-iiii to right of shield, a near-unique variety of which we have only ever seen one other (the Sellschopp and Heiss Plate Coin we offered in Auction #18, curiously made from a different pillars-side die). (Estimate: $3500 - 5000)