Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer L to left, mintmark M to right. Nesmith 82a type; S-M9. 12.43 grams. Crisp and full details despite light surface corrosion all over, the pillars especially nice, all darkly toned. Recovered from: "Golden Fleece wreck," sunk ca. 1550 in the northern Caribbean

Estimate: $250 - 375