Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer L to left, mintmark oM to right (L-oM), NGC MS 62. Nesmith-94a; Cal-136; S-M9; KM-18. 13.60 grams. Frosty and lustrous with a silvery sheen and virtually full legends, an exceptional piece for this assayer. A notation on Hubbard's envelope of "gua hoard coll" indicates this coin may have been from a hoard of reportedly 3,000 silver Charles and Joanna and Philip II coins found in the summer of 1950 at the shrine of our Lady of Guadalupe in Mexico City behind an adobe wall on church property. This was just before Nesmith and Hubbard met in New York City by chance and contributed to Nesmith's body of work published in 1955 (the hoard is mentioned on pages 4-5). Second finest in NGC census behind a single MS 63. NGC #6448147-026. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.
($800-1200)