Watch List notes:

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right (oPo-oMo, the annulets dotted), motto as PLVS in left-leaning rhomboid panel with double, dotted annulets on either side, very rare, NGC XF details / environmental damage. Nesmith-21; Cal-124; S-M4; KM-17. Hubbard's notes say "Fla hoard Indian Village," as the source of this coin, the type of which (oPo-oMo) he knew Nesmith considered the rarest of all the Early Series coins. This may account for the patchy toning and rough surfaces (but not the flan crack at 4 o'clock on the shield side). Nevertheless, Nesmith included a number in his catalog for future finds which he never saw. Like the previous coin, this one is of an unusual variety where a K was used in place of an H, hence the spelling IOKAN and KISPANIE (versus the later HISPANIARVM). There is also a terminal K and KI in the legends, again for unknown reasons. Finally, this variety of oMo-oPo with a left-leaning panel is the earliest and rarest of all assayer P coinage and would be an important addition to any collection. NGC #6448168-037. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.
($2000-3000)