Watch List notes:

Mexico City, Mexico, bust 2 reales, Charles III, 1777FM, with V-D and "helmeted soldier" countermarks. KM-88.2 (host); CT-1344 (host). 5.96 grams. Rather worn host coin (Good), with deep rainbow toning all over, but main attraction is the assortment of bold (XF+) countermarks, consisting of letter V to left, D to right, and helmeted soldier with rifle in middle, the reverse with same countermarks but soldier at top, meaning unknown but believed to have something to do with 20th-century warfare in Spanish territories.

Estimate: $100