Watch List notes:

Zacatecas, Mexico, 1/2 real, Ferdinand VII, 1811, NGC VF 25. KM-182; CT-1414. Usual rough manufacture with weaker centers yet mostly complete legends, grayish silver color with hints of rainbow toning around king's ordinal, very difficult type to find (none listed in the NGC census at this time). NGC #4725131-008.
($125-200)