Watch List notes:

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), left-leaning panel, rare.Nesmith-24d; Cal-91; S-M4; KM-7.3.20 grams.Hard-to-find denomination in the Early Series coinage, a later type from this assayer with the use of HISPANIARVM and mascles as stops between words in legends (a lesser example can be found in the A.N.S. collection), XF with almost-full legends and nice inner details, minor corrosion around edges.
($500-750)