Watch List notes:

SPAIN, Reino de España. Carlos IV. 1788-1808. AV 4 Escudos (29mm, 13.56 g, 12h). Madrid mint; Manuel de Lamas and Francisco Herrera, assayers. Dated 1796 MF. Bust right; date below / Crowned coat-of-arms; in exergue, mint mark to left; assayer initials to lower right. ME 14361; Friedberg 294. Near EF.

Ex Marti Hervera (3 July 2012), lot 462.