Watch List notes:

Estado de Mexico, Mexico, brass 25 centavos, no date (1915), Amecameca revolutionary issue, encapsulated NGC XF 40, finest and only specimen in NGC census. GB-252 for type (unl in brass); KM-685a. Very crude, hand-struck piece with incuse design of eagle on obverse and "25" on reverse, somewhat rare in brass, mostly darkly toned. NGC #4438920-003.
($250-375)