Watch List notes:

Mexico City, Mexico, cob 1/2 real, Louis I (1724-25), assayer not visible (D), rare. S-M23; KM-25. 1.61 grams. Squarish flan with full but off-center cross, very off-center monogram with half of crown above and clear (L)VDOV- in legend, toned Fine.

Estimate: $125 - 200