Watch List notes:

CARLOS IV (1788-1808). Proclamation in Valladolid de Michoacan, Mexico. (Ae. 42.88g / 45mm). 1791. Engraver: GA Gil. (Vives 172; RAH 435 metal variation). Anv: Bust of Carlos IV with coat, jabot shirt, band, cloak and necklaces of the fleece and Holy Spirit, around the legend: CARLOS IIII KING OF SPAIN AND OF THE YNDIAS. Rev: Oval Escudo conroned with three busts on the shelf and exterior ornament formed by cardboard and two palms, around the legend: PROCLAMED IN THE CITY OF VALLADOLID DE MICHOACAN / BY SU ALFEREZ RD JOSE, in exergue: 1791. Good Very Fine. Slight iridescent tone. Limited.