Watch List notes:

MEXICO, Colonial. Carlos IV, king of Spain, 1788-1808. 8 Reales 1796 (Silver, 40 mm, 27.00 g, 12 h), Mexico City. CAROLUS IIII DEI GRATIA Laureate and cuirassed bust of Charles IV right. Rev. HISPAN ET IND REX Mo 8 R F M Crowned arms between the Pillars of Hercules. KM 109. Nicely toned. Very fine.