Watch List notes:

SPAIN, Madrid, gold bust 2 escudos, Charles IV, 1804 FA, NGC MS 63. Cal-1310; KM-435.1; Fr-296. Bold strike with strong luster, no wear and minimal marks (apart from a faint adjustment in center of reverse), small natural lamination at tip of wig, choice grade (within the top 20% at NGC).

Estimate: $1500 - $2250