Watch List notes:

Mexico City, Mexico, cap-and-rays 8 reales, 1824JM, upright eagle. KM-377.10. 26.97 grams. AU- with weak spot on eagle, pretty rainbow toning with underlying luster, minor planchet flaw to left of eagle, important as the first year of this design (same eagle punch as for the 8E of this year) and actually scarcer than the famous "hookneck" of the same date but less popular.

Estimate: $800