Watch List notes:

Durango, Mexico, bust 4 reales, Ferdinand VII, 1816MZ, very rare, ex-Murias. KM-102.1; CT-716. 12.36 grams. VG with bold date and mintmark and assayer, uneven but not unattractive toning, one of only two examples we can trace on the market in recent years, the other being holed. Pedigreed to the Jorge Ortiz Murias collection.

Estimate: $1000-1500