Watch List notes:

Lot of 4 Mexico City, Mexico, cob 1/2 real Royals, 1724 and 1725, assayer D, representing both rulers (Philip V and Louis I) for each date, very rare set. S-M22 and unl; CT-1812, 54, 55 and unl; KM-R25 (Louis I only, the Philip V unlisted). 7.23 grams total. For the ultimate Louis I collector, this little set represents the entire transition to and from that king in a two-year span in 1/2R Royals, something that would take lots of searching to assemble one by one. Logically it would seem that the Philip V examples in this set are the least common, but in fact the opposite is true; we have not handled any 1724-5 Philip V (which are unlisted in KM), whereas we have sold one of each of the Louis I dates before (also note that the 1725 Philip V is unlisted in CT). All four pieces are as you expect for Royals of this period: Fully detailed and round, with aligned axes and either holed or plugged at top; but also each one is nicely toned and XF on average. To be sure, it is a set for a connoisseur, but each coin stands on its own merit as well. ($6000-12000)