Watch List notes:

Mexico City, Mexico, pillar 2 reales, Philip V, 1732F, rare. Yonaka-M2-32a; Gilboy-M-2-1; KM-84; CT-1274. 6.06 grams. VG/F with attractively contrasting toning, crude old hole at top, out-of-round shape with crude rims as a result, desirable first year of issue. Pedigreed to the Ponterio auction of August 1996, with original lot-tag #996 and old collector tag.

Estimate: $400-600