Watch List notes:

MEXICO, Colonial. Carlos IV. King of Spain, 1788-1808. AR 8 Reales (39mm, 26.02 g, 12h). Pillar type. Mexico City mint. Dated 1804 Mo TH. Laureate, draped, and cuirased bust right / Crowned coat-of-arms between garlanded Pillars of Hercules. BW 28.10; KM 109. Toned, a few light scratches, mark on obverse. Fine.

From the Richard L. Horst Collection.