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 XF 45. Nesmith-26 for type; CT-74 type; S-M4. 13.5 grams. Good full legends, bold pillars but shield slightly weak, lustrous and lightly toned. Later HISPANIARVM variety with ornate variety of quatrefoils in shield-side legend. From the "Golden Fleece" wreck (ca. 1550). (Estimate: $1000 - 1500)