Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (M-P), left-leaning panel, denomination 4 over rotated 4, NGC XF 40. Nesmith-26 for type; CT-74 type; S-M4. One of only six known with the denomination 4 punched over rotated 4 and one of only two known in this particular variety, unusual ornaments (eight-petaled flowers) between letters on pillars side, of the later HISPANIARVM variety, and pleasingly toned with full legends and interior, an important piece for any Charles-Joanna collector or collector of error coins. NGC #3157789-009.

Estimate: $3500-5000