Watch List notes:

Popayan, Colombia, bust 1 escudo, Charles IV, 1805JT, encapsulated NGC AU 53. Restrepo-85.32; CT-538; KM-56.2. Highly lustrous, just a few marks and the rims crude from off-center strike, second finest known in NGC census. Pedigreed to our Auction #12, with original lot-tag #149.

Estimate: $600