Watch List notes:

Mexico City, Mexico, pillar 1 real, 1732, no assayer or denomination, very rare. KM-75.1; CT-1592. 3.06 grams. About Fine with weak centers (uneven strike), dark encrustation around details (nice contrast), rated in Gilboy (#M-1-1 var.) as R5, an ephemeral variety of the first year of issue (probably) using the original matrices from Spain. Pedigreed to the Ponterio auction of August 1996, with original lot-tag #994, and pedigreed to our Auction #14, with original lot-tag #960.

Estimate: $1000