Watch List notes:

Mexico City, Mexico, 8 reales, Iturbide, 1822JM, long, smooth truncation, 8 R J M below eagle, NGC MS 62+. KM-309. Fourth type with denomination and assayer at bottom and the bust with long and somewhat curved truncation (as opposed to straight), bold strike with luster and traces of toning in legends, slightly grainy surfaces (as made), choice grade overall (second highest in NGC census). NGC #4742985-006.

Estimate: $1500-2250