Watch List notes:

SPAIN, 1853 (Cu) 1/5 Real. Isabela II KM-601; Calico #146): Segovia; a choice piece; a first strike specimen appearance with ultra sharp details, semi proof-like fields; lustrous surfaces with strong red colour showing through. Only two coins graded at this level by NGC, none higher.
NGC MS 66 Red Brown
NGC Certification : 2089541-012/66