Watch List notes:

Lima, Peru, 1 real, Philip II, assayer R (Rincon) to left, motto P-LVS-V above dot, legends HISPA / NIARVM. S-L1; KM-6; Cal-209. 2.86 grams. Nice full inner details and legends (albeit slightly off-center), no doubling, attractively rich-toned AU with faint surface porosity.

Estimate: $300 - $450