KM-38 variety, transitional type with the bust of Charles III married to the Charles IV legend. Struck at the Santiago mint.
A rare and seldom seen item, this is the only certified example of this issue at PCGS. As in pop 1. Total.
Amazingly, the coin itself is lovely with rich, original color and nice surfaces that would be considered choice for any portrait 4 Reales, let alone this tough issue (which explains why we bought it, and then placed it on this list).
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Coin #: 711954 | Cert. #: 45610548