Watch List notes:

PERU, Colonial. Carlos IV. King of Spain, 1788-1808. AR 8 Reales (39mm, 26.56 g, 12h). Lima mint. Dated 1797 LIMÆ IJ. Laureate, draped, and armored bust right / Crowned coat-of-arms between garlanded Pillars of Hercules. ME 14516; KM 97. Fine, toned, numerous chopmarks, light scratches.