Watch List notes:

Lima, Peru, 1/4 real, Philip II, assayer R to left, legends HISPANIARVM / PHILIPVS II, rare. S-L1; KM-1; Cal-95. 0.44 gram. Legends transposed, with bold full crowned-R and HISPANIARVM on obverse, the I side (reverse) with clear assayer-mark R but legend less distinct due to corrosion and off-center strike, slightly wavy flan but unusually intact for salvage. Pedigreed to the Barry Stallard collection and to the Ponterio auction of March 1998 (lot 1526).
($500-750)