Watch List notes:

Lima, Peru, cob 1/2 real, Philip II, assayer Diego de la Torre, oD to left, * to right, P below monogram (rare), PCGS VF35. S-L4; KM-unl (5 for type); CT-unl. Full inner details and crown, nearly full legends, toned on fields, rare variety with P at bottom (missing in Sellschopp, and in fact we can trace no other examples, mostly because 1/2R do not come up often as single lots). PCGS #60030624.

Estimate: $150-225