Watch List notes:

Lima, Peru, cob 1/4 real, Philip II, assayer Diego de la Torre, P-* flanking castle. S-L4; KM-2; Cal-101. 0.74 gram. Superb full lion and castle (AU details) with bold P to left and * to right, most of PHILIPVS in legend, parts of both crowns, nicely toned but typically slightly porous, choice overall.

Estimate: $400 - $600