Watch List notes:

Tegucigalpa, Honduras (Central American Republic), 2 reales, 1825 NR, rare, NGC XF details / reverse scratched. KM-10. Deeply toned, struck off-center with a little doubling, faint scratch above tree, desirable issue in unique design (a variation of the usual "arbolito") with mintmark T for Tegucigalpa and assayer initials NR for Narciso Rosal, following Tegucigalpa's provisional "imitation cob" issues of 1823-4 and struck for only a few months before being superseded by a more proper design, also curious as showing fineness as 11 dineros (91.7% silver) but actually struck in the new standard of 90.3% silver. NGC #6448950-004.
($750-1100)