This is a (1542-55) MEXICO 4 REALES M A, CARLOS & JOANNA, KM #18, NGC AU-53, SCARCE ISSUE!. Nesmith-58, Cal-Type 58. A pillar style silver 4 Reales, this weighs 12.45 grams and is a era of coin that would have circulated for sometime after it’s mintage in the very early American Colonies. It bears the Mexico City Mint Mark “M” and the Assayer mark “A”, which is a very scarce combination on this Carolos & Joanna 4 Reales from this period. Krause lists this combination at $2,5000 in VF and $3,500 in XF (world grading standards), and unpriced higher. We find record of an AU-55 currently listed on a prominent world dealers website for $2250, and we can find record of an NGC MS-61 that sold for $3,500 several years ago.
The present coin is well struck, with bold central details and strong peripheral lettering. The plan is well-rounded without any cracks or defects. Some luster can be seen in the recessed areas upon close examination. A wonderful early coin at an attractive price!
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