Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer R at bottom between pillars, oval banner with motto as LVSV, encapsulated NGC XF 45. Nesmith-6c; S-M1; KM-16; CT-71 type. 13.4 grams. Full inner details (just slightly doubled at the bottom of the shield) and nearly full legends that feature ornamental stops that some believe is the Hebrew letter "aleph," richly toned all over.

Estimate: $2000