Watch List notes:

Comayagua, Honduras, crown countermark (1824-5) on a Tegucigalpa, Honduras, "imitation cob" 2 reales 1823-(T)L, trefoil style, very rare, encapsulated NGC VG 10, c/s XF strong, ex-Richard Stuart, Jara Plate Coin. KM-unl; Jara p. 63. Attractive pillars side (albeit weakly struck at bottom left), the cross side weak and with adjustment marks, but the countermark quite full and sharp. The host coin is one of only four or five pieces known of the T.L. (for Tegucigalpa Libre) type, and the only seen example of the subtype with trefoil-style devices atop the pillars on the obverse. Struck over an irregular planchet, similar to the ones used for the later PMPY series. A most important coin for the general understanding of the series and an obviously unique opportunity for the specialist. We note that a VF 20 of the 2 reales 1823-TL (though struck on a circular planchet, like earlier issues of the Tegucigalpa mint) hammered for $5,500 in the Stack's Bowers & Ponterio auction of August 2017 (lot 21038). NGC #4486428-001. Plate Coin #35 in Carlos Jara's Central American Provisional and Provincial Mints (2007), and pedigreed to the Richard Stuart collection.
($2000-3000)