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. 13.25 grams. Choice full inner details and nearly full legends, minor corrosion around edge only, otherwise AU with excellent contrast from toning. Pedigreed to our Auction #12, with original lot-tag #311 (cut down). Recovered from: "Golden Fleece wreck," sunk ca. 1550 in the northern Caribbean
($400-600)