Watch List notes:

MEXICO, Guerra de Independencia. Sombrerete. Fernando VII. Prisoniero, 1808-1813. AR 8 Reales (39mm, 26.58 g, 12h). Struck under Fernándo Vargas. Dated 1812. R • CAXA • DE SOMBRETE, crowned coat-of-arms within a dotted circle; 8 and R outside of circle / •VARGAS • above, 1812 (date); to either side, a crowned S between columns, the one on the left with a horse's head(?) above the S; below date, 3. BW 68.1; Grove 2045; Elizondo 54; ME 15880; KM 177. VF, toned, crude flan. A reverse die was used for this issue instead of countermark punches.