^Lot 1312 PANAMA, Panama City, cob ½ real, Philip II, assayer oX to right, mintmark AP to left, very rare.

PANAMA, Panama City, cob ½ real, Philip II, assayer oX to right, mintmark AP to left, very rare. S-AP1; KM-1; Cal-134. 1.56 grams. Broad flan with enough legend to confirm that this is an unrecorded combination with the obverse of Proctor HR.1X but a new reverse (not in Plowman either), with clear AP to left of full monogram but messy assayer to right (bold retrograde D to begin the legend on that side), full but partially weak cross with clear cross-fleury ornament at top flanked by retrograde •D to begin the legend and •R to end it, VF with light toning, odd peck-marks on obverse, and very slightly warped.