Watch List notes:

MOZAMBIQUE. Mozambique - Mexico. 4 Reales, ND (1765). PCGS VF-35 Gold Shield; Countermark: AU Details.
KM-not listed; cf.Gomes-Jo.26.01 (for denomination); Vaz-denomination not listed; Azevedo-Pg.29 (this piece cited). Issued by decree of 20 August 1765 under Governor Baltazar Manoel Pereira do Lago. EXTREMELY RARE denomination, one of only three confirmed survivors with one unconfirmed. Incuse "MR" monogram applied to the obverse of a 1740-MoMF Mexican 4 Reales (KM-94).

Known examples:

1) Mexico 1740-MoMF - Ex: Bonhams auction July 16/17, 1996 "The Alexander Patterson Collection" Lot # 574 (present example).

2) Mexico 1751-MoMF - Ex: Glendining's Auction October 16, 1989 "The John J. Ford Collection" Lot # 292; with previous Mozambique "M" countermark.

3) Peru 1758-LIMA JM - Ex: Glendining's Auction October 16, 1989 "The John J. Ford Collection" Lot # 294.

4) Peru 1762-LIMA JM - "Catalogo Das Moedas De Mocambique", pg. 29; Porto 1969 (listed, but unconfirmed)

From the Kyle Ponterio Collection.

Ex: Ira & Larry Goldberg Auction # 44 February 10, 2008 Lot # 4504.

Ex: Ira & Larry Goldberg Auction # 41 May 27, 2007 Lot # 3682.

Ex: Ponterio & Associates, Inc. Auction # 115 August 14, 2001 Lot # 779.

Ex: Ponterio & Associates, Inc. Auction # 93 March 13/14, 1998 Lot # 2202.

Ex: Bonhams Auction July 16/17, 1996 "The Alexander Patterson Collection" Lot # 574.

Cited in "Catalogo das Moedas de Mocambique" by Vazco Azevedo published Porto 1969.

Estimate: $1500.00- $2000.00