Watch List notes:

Lima, Peru, cob 1/4 real, Philip II, assayer Diego de la Torre, P to left, * to right of castle. S-L4; KM-2; Cal-101. 0.74 grams. Bold full lion, full but slightly doubled castle with clear mintmarks (P to left, * to right), no assayer-mark, all struck off-center enough to allow for much more bold legend than usual, including a clear RE (no X) at end, lightly toned XF with surface porosity.
($200-300)