Watch List notes:

Potosi, Bolivia, 1/4 real, Philip II, assayer L (1st period) to right, mintmark P to left (P-L), rare. S-P3; KM-unl. 0.87 gram. Broad flan with nearly full legends, both crowns full, small castle and lion, weak but certain P and L, crude hole near edge. (Estimate: $350 - 500)