Watch List notes:

Foreign Coins and Medals, Mexico, Carlos III, 8 reales; 4 reales, 1772FM, Mexico City, crowned shield of arms, rev. crowned shield of arms between pillars (KM.106.1/97.1), both with uneven toning, light scratch on obverse of 8 reales, very fine and good fine (2)
The first year of issue for this reverse design and a 2-year only type with inverted assayer's initials and mintmark. (250 - 300 GBP)