Watch List notes:

Potosi, Bolivia, bust 4 reales, Charles III, 1778JR, NEX instead of REX in legend, very rare, encapsulated NGC VF 20, ex-Sellschopp. KM-54; CT-1183. 13.32 grams. Toned around details, slightly off-center obverse, a few minor laminations, overall a decent specimen for this curious error, with excellent pedigree as well. NGC #4489240-001. Pedigreed to the Sellschopp collection (SBC auction of September 1988), with original lot-tag #962.
($1250-2000)