Watch List notes:

Bogota, Colombia, 1/4 real, Charles III or IV, no date or mintmark or assayer (1770-95), bust-style castle and lion, encapsulated NGC MS 61 (erroneously attributed to Philippines). KM-4 (under Philippines); Restrepo-2.2; CT-1477 (under La Rioja, Argentina). Beautifully rainbow toned and perfectly centered, with full rims, among the best we have seen of this curious anepigraphic issue whose castle and lion are from the same punches as corresponding bust-type 8R. ($200-300)