Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer R to left, mintmark M to right (R-M), NGC XF 45, ex-Rumbel. Nesmith-74; Cal-100; S-M7; KM-12. 13.58 grams. Until the finding of the "Golden Fleece Wreck" (ca. 1550), this issue was remarkably rare. Richly toned example with almost full legends and inner details, nicely centered. NGC #6448147-006. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Henry Christensen Auction of October 1959 of the O.K. Rumbel collection, lot 446. Accompanied by original tag or holder from Clyde Hubbard.
($600-900)