Watch List notes:

Sombrerete de Vargas, Mexico, 1 real, Ferdinand VII, 1811, denomination 1-R, rare, NGC AU 55, finest known in NGC census.Cal-683; KM-173.3.35 grams.Typically crude with particularly severe (but not unusual) adjustment marks, mostly full details including date and denomination, attractive toning, the finest of just three in the NGC census (the others being F and XF).Pedigreed to the Ponterio auction of August 1997, with original lot-tag 819.
($400-600)