None at all and I find no king carol from from SPAIN 1888.
The only king carol I find is from Romania 1839-1914).... he is from Hohenzollern and was King Carol I of Romania, but no coins with the inscriptions on the coin. https://en.wikipedia.org/wiki/Carol_I_of_Romania
Most likely somewhere in Spanish Netherlands. Example: https://en.numista.com/catalogue/pieces19971.html
which yes is a different coin, but ...
has the lettering CAROL II
has the lettering INDIAR
is around the 1688 date
No idea about the coin but just a little tip for the "Carol" word.
IN CASE that "Carol" is equal to "Carolus", which i dont know since i have no idea about the coin, you need to search for the name "Carlos".
The "Carolus" word is somehting long know in spanish coins since we had a lot of kings afther the name in spanish CARLOS and they almost always put their name in the "latin form" of "Carolus".
If the coin is from 1688 it could be Carlos II, the last king from the Austria house whose rule ended in the year 1700 (afther him, we had the Borbones house).
Also a little point for 1888, its not likely since then we had as king Alfonso XII.
Good luck, hope this can helps a bit
Se queres ca muller che queira, ten diñeiro na carteira
