Spanish silver portrait style four reales minted 1794 in Mexico City, Mexico during the reign of Carolus IV.
Obverse: Bust of Carolus IV; legend CAROLUS IIII DEI GRATIA 1794 surrounding.
Reverse: Crowned shield of arms between the Pillars of Hercules; legend HISPAN ET IND REX, Mexico City mintmark, 4R (denomination), FM (Assayer's initials).
Custom set into a sterling silver bezel pendant.