Watch List notes:

Potosi, Bolivia, cob 1/4 real, Philip II, assayer L to right, mintmark P to left, very rare. S-P3; KM-unl (A0001 for Type); CT-unl. 0.89 gram. Very broad flan with bold full legends and full inner details, holed near edge, toned on fields with dark spot near hole.

Estimate: $350-500