Watch List notes:

Lima, Peru, 4 reales, Philip II, assayer X/R (small) to left (extremely rare), motto PL-VSV-LT, legends HISPA / NIARVM. S-L2; KM-unl; Cal-unl. 13.43 grams. Very broad flan (extending past the outer border) with choice bold legends (100% full), the crown and inner details weaker but also full (with a few old scratches), with the all-important over-assayer evident as sharp points past the corners of the small R (the R-die known, for example lot 505 in Stack's auction of June 1993), one of only two known in addition to a single-known large X/R, richly toned VF. Pedigreed to the Barry Stallard collection and to the Ponterio auction of January 2004, with original lot-tag 1985.
($2000-4000)