Watch List notes:

Lima, Peru, 1/4 real, Philip II, assayer R (Rincon) to left, legends HI / SPANIARVM. S-L1; KM-1; Cal-94. 0.90 gram. Very choice specimen on a particularly broad and intact flan that extends past the die elements (most are salvaged, which this is not) showing full legends and inner details, lightly toned XF+, among the finest known of this scarce denomination.
($1000-1500)