Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left. Nesmith-50; CT-81; S-M5. 12.21 grams. Choice full inner details and nearly full legends on a broad flan with minor edge-loss from corrosion, otherwise AU and attractively toned. Pedigreed to our Auction #12, with original lot-tag #312 (cut down). Recovered from: "Golden Fleece wreck," sunk ca. 1550 in the northern Caribbean
($400-600)