Watch List notes:

Mexico City, Mexico, pillar 4 reales, Philip V, 1733MF, mintmark MX/XM, encapsulated NGC XF details / saltwater damage, extremely rare. KM-94; CT-1041. Bold strike but with patchy toning and very light surface corrosion, the MX/XM mintmark to right of date very clear (Gilboy M-4-5a, rated at R5), also with clear MF/MF for assayer.

Estimate: $2500 - 3750