Watch List notes:

Lima, Peru, cob 1/4 real, Philip II, assayer Diego de la Torre, no mintmarks nor assayer, ex-Stallard. S-L4; KM-unl (2 for type); Cal-96. 0.66 gram. Full castle with choice crown above, full but off-center lion with most of crown and bold (HISPAN)IARV, [sic] in legend, nicely toned but slightly porous VF. Pedigreed to the Barry Stallard collection.
($150-225)