Watch List notes:

Mexico City, Mexico, 3 reales, Charles-Joanna, "Early Series," assayer Gothic R at bottom between pillars, three-dots denomination, very rare, encapsulated NGC VF 35. Nesmith-5c; CT-104; S-M1. 9.58 grams. Shield side with Gothic oMo-oMo, lions with crowns, legend as KAROLVS : ET : IOHANA : DG with crude I and O's; pillars side with Gothic R, rounded panel with PLVSVLT inside, 3 dots for denomination, legends per N-5b with crude D, I and M. Struck only from April of 1536 to early 1538 at the latest (and only under assayer R), the 3 reales was deemed too close in size and value to the 2 reales, but ironically most specimens are broader in denomination than the 4 reales that replaced them, this piece being case in point (just thinner and lighter), with bold full inner details and nearly full legends, traces of surface corrosion (probably salvaged). NGC #4438909-002.
($10000-15000)