Watch List notes:

Mexico City, Mexico, 3 reales, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars, denomination as three dots in a row above motto as PLVSVLT in rounded panel, rare, NGC XF 40, finest known in NGC census. Nesmith-5c; Cal-112; S-M1; KM-13.1. 10.11 grams. Hints of luster and toning with dark backgrounds in full legends (some doubling on shield side) make this example a beauty. Hubbard wrote on the back of the coin envelope "ex O.B. Windau, Cleveland Ohio" so perhaps was purchased from her after Nesmith published his book. While not a rare variety of 3 reales, this one really shines. A photograph of the pillars side of this coin appears in an article Hubbard wrote for a Mexican magazine called Artes de Mexico, No. 103, 1968, p. 15. NGC #6448168-012. Pedigreed to O.B. Windau and to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.
($10,000-15,000) NOTE: The printed catalog shows the wrong estimate due to typographical error.