Watch List notes:

PERU, Colonial. Felipe V. King of Spain, first reign, 1700-1724. AR Real (19mm, 2.81 g, 1h). Cob issue. Lima mint. Dated (1)707 L H. Arms of Spain within polylobe / Crowned Pillars of Hercules set on ocean waves. Menzel L-170; KM 31. Toned, light scrape. Near VF.

From the Mercury Group Collection.