Watch List notes:

Madrid, Spain, gold bust 4 escudos, Charles III, 1788/3M/JD, rare (unlisted), NGC XF 45, finest and only example in NGC census, ex-Iriarte. Cal-unl (Type 169); KM-unl (418.1a for type).13.47 grams.Good luster and rather smooth fields for the grade, well struck as usual (in light yellow gold), clear overdate (not noted on label) and over-assayer (known but not yet listed in references), technically finest in NGC census as no others with M/JD are listed yet.Pedigreed to the Iriarte collection (Aureo auction of March 1998, lot 912).
($1000-1500)