Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left, king's name as CHAROLVS. Nesmith 54 type; S-M5. 12.46 grams. Somewhat weak in centers but with much bold legend, very light surface corrosion, darkly toned. Recovered from: "Golden Fleece wreck," sunk ca. 1550 in the northern Caribbean

Estimate: $200 - 300