Watch List notes:

Mexico, Colonial. Carlos III. 1789 Mo FM. AR 8 reales (39 mm, 27.00 g). Mexico City. Laureate, draped and armored bust of Carlos III right; date / Crowned arms between garlanded Pillars of Hercules. ME 12135; KM 106.2a. Scarce posthumous issue. Toned. EF.