Watch List notes:

Mexico City, Mexico, cob 1/2 real Royal (?), Philip V, assayer J, date not visible (1705-14), very rare. S-M22; KM-unl; CT-1805 (but different dies). 1.52 grams. Small and round (possibly lightly shaved) with full and choice inner details (cross, monogram with large fleur below), clear oMJ to left and o to right, no legends or peripheral details but a match with the only other known Royal of this type (dated 1705) that is CT-1805, deeply toned VF with tiny hole at end of cross and the remains of another (pre-shaving?) at the opposite end.
($150-300)