Watch List notes:

Spain, Kingdom. Carlos IV AV 1 Escudo. Madrid mint, 1793. • CAROL • IIII • D • G • HISP • ET IND • R •, draped bust to right, hair tied with ribbon; date below / • IN • UTROQ • FELIX • A • D •, crowned coat-of-arms surrounded by the collar of the Order of the Golden Fleece; denomination across fields, mintmarks •M• - •MF• below. Calicó 492; Friedberg 298.

PCGS graded MS61 (689893.61/83850886).

From the GK Collection;
Ex Editions V. Gadoury, Auction 2017, 2 December 2017, lot 354.