Watch List notes:

Seville, Spain, 4 reales, Ferdinand-Isabel, mintmark S to left, assayer P and ermine on reverse, huge flan with legend ending in ARAGO-, ex-Calbeto. CT-207. 13.65 grams. At first glance this appears to be an 8 reales, as it is nearly 42mm (in fact the SAME DIAMETER as the 8R in the previous lot) but quite thin, of course with crown and all legends 100% full plus choice full inner details, also very richly toned and AU- grade, a lovely and impressive specimen to be sure. Pedigreed to the Calbeto collection.
($5000-7500)