Watch List notes:

MEXICO, Primera República. 1823-1863. AV 1/2 Escudos (14mm, 12h). Ciudad de México (Mexico City) mint. Dated 1827 Mo JM. REPUBLICA MEXICANA, eagle standing facing on cactus, wings spread, grasping snake in beak and right talon; all atop laurel and oak wreath / LA LIBERTAD EN LA LEY, hand left, pointing to open book inscribed LEY and holding liberty cap on pole; below, (star) 1/2E.Mo.1827.J.M.21QS.. BW 207.5; Grove 5033; KM 378.5. In NGC encapsulation graded MS 61.