Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (M-P), dotted circles, encapsulated NGC AU 53. Nesmith-26 for type; CT-74 type; S-M4. 13.5 grams Broad flan with choice full legends and inner details, nice toning and muted luster, slightly weak assayer. Note this is the HISPANIE variety with HISPANIARET error and REG/XE at end of pillars legend, undoubtedly a transition from HISPANIE to HISPANIARVM, also with unusual pillars-side stops with cross potents surrounded by four annulets. From the "Golden Fleece" wreck (ca. 1550). (Estimate: $1000 - 1500)