Watch List notes:

Lima, Peru, cob 4 reales, Philip II, assayer X to right, very rare. S-L3; KM-11; CT-327. 12.85 grams. Crisply detailed AXF with choice full crown, full legends, full shield and cross, but most important part is the very clear X to right, nicely toned, with light surface corrosion all over.
($1250-2000)