Watch List notes:

Panama(?), P countermark on a Seville, Spain, 1/2 real, Ferdinand-Isabel, special "crowned-F" issue for New World use, S mintmarks with single dots below and four (left) or five (right) dots above flanking the crowned F, very rare.Host: Lopez de la Fuente-unl (E8 for type); Cal-unl (Type 55).1.63 grams.Very broad flan that extends past the outer borders, AU with traces of light toning, unlisted variety with curious clover-over-X assayer-mark at end of legends, deep and bold countermark in center of "crowned-F" side.
($500-750)