Watch List notes:

Tlalpujahua, Mexico (National Congress), silver 1 real, 1812, date facing out, encapsulated NGC VF 25, finest and only known specimen in NGC census for this issue but mislabeled as a 1/2 real. CT-1403; KM-211. 3.07 grams. Rare and choice in terms of wear, strike and attractiveness, with full VICE FERD VII DEI GRATIA ET (unlike most examples) and (N)AT IND GUV T 1R SM visible outside off-center quiver and bow-and-arrows device, nice rainbow toning. NGC certification #4431157-011. ($300-450)