Watch List notes:

Lima, Peru, 4 reales, Philip II, assayer R (Rincon) to left, motto PL-VSV-LT, legend ISPA / NIARVM. S-L1; KM-10.1; CT-309. 13.14 grams. Full and bold but off-center pillars, full and better-centered but weaker shield, much legend, toned Fine+ with minor surface oxidation.

Estimate: $500-750