Watch List notes:

MEXICO: ZACATECAS: Fernando VII, 1808-1821, AR real, 1811, KM-183, Royalist issue, local arms type, central details a bit weak, with L. V. O. below mountain on reverse, two-year type (with the other date, 1810, being very rare), Fine to VF, R.

Estimate: 400-500 USD