Watch List notes:

Lima, Peru, 1/4 real, Philip II, assayer R (large) to left, rare.S-L1; KM-1; Cal-94.0.53 gram.Broad flan that is fully intact (especially rare thus) despite typical porosity, most of legends bold and full in addition to the centers, contrastingly toned.Pedigreed to the Arturo Rosenheim collection.
($700-1000)