Lima, Peru, cob 1/4 real, Philip II, mintmark "I" (P) to left, * to right, no assayer (Diego de la Torre). S-L4; KM-2. 0.80 gram. VF with weak centers but bold legends, nicely toned, holed near edge but scarce as non-salvage, the incomplete P rendered as "I" for mintmark a desirable variety.
($100-150)