Watch List notes:

Lima, Peru, cob 1/2 real, Philip II, assayer Diego de la Torre, mintmark P to left, assayer oD to right, * over assayer X below monogram, struck over an overweight 1/4 real, very rare. S-L4; KM-unl (5 for type); Cal-unl. 1.59 grams. Fine with clear partial shield on the reverse from an overweight 1/4 real corrected by striking over with 1/2 real dies, doubled monogram and nice full cross, rainbow-toned edges.
($150-225)