Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer L to left, mintmark M to right (L-M). Nesmith-82; Cal-86; S-M9. 9.92 grams. Nice full inner details and nearly full legends, no doubling or bad corrosion, dark rusty color as usual. Spanish 1554 Fleet off Padre Island, Texas

Estimate: $200-300