Watch List notes:

Madrid, Spain, cob 1/2 real, Philip IV, assayer A to left, mintmark MD to right (1651). CT-Type 256, KM-Y16.2. 1.80 grams. Choice example with bold monogram and full mintmark, full cross-castles-lions, VF with light cleaning, some adjustment lines across monogram, dark grey toned fields. Pedigreed to the Cayon auction of December 2006, with original lot-tag and card #5373.

Estimate: $100-150