Watch List notes:

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) at bottom between pillars, very rare, ex-Munoz. Nesmith-3A; S-M1; CT-133.. 3.19 grams. Thin flan with nearly full details except parts of legend (probably lightly shaved long ago), richly toned Fine with a few old scratches between pillars, desirable pedigree. Pedigreed to the Miguel Munoz collection (Superior auction of June 1978, lot #3).

Estimate: $1000-1500