Watch List notes:

Durango, Mexico, bust 2 reales, Ferdinand VII ("armored" bust), 1812 RM, very rare, NGC VG 10, finest and only example in NGC census. Cal-773; KM-92.3. Very crude strike as expected for the initial issues of this mint, with lots of flatness but crucially showing full date and mintmark, also with nice toning, perhaps unfairly graded but without comparison since the only others we have seen in recent years (four total, not counting the present coin) were not slabbed.
($1000-1500)