Watch List notes:

Mexico City, Mexico, cob 4 reales, Philip II, assayer O to right, mintmark oM to left. S-M11; KM-36; CT-336. 12.42 grams. Broad flan with choice full legends and crown, nice full inner data, AU details but with light surface corrosion (unspecified salvage), uneven toning.

Estimate: $150