Watch List notes:

Panama, cob 1/2 real, Philip II, assayer P to right and assayer M below monogram, mintmark AP to left, extremely rare, ex-Richard Stuart, Proctor Plate Coin. S-AP2; KM-1; CT-720. 1.35 grams. Very broad flan with good full cross, nearly full crown and monogram, full mintmark and assayer M (the P very weak) plus much legend, bold XF with toned fields but very light surface porosity. Pedigreed to the Richard Stuart collection, and Plate Coin #HR.2PM on page 116 of The Forgotten Mint of Colonial Panama (2005), by Jorge Proctor.
($2000-4000)