Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer R (Latin) between bottoms of pillars and motto as PLV in rounded panel, very rare, NGC AU 50, finest known in NGC census. Nesmith-4 for type/4b; Cal-87; S-M1; KM-10 . 6.61 grams. Possibly the last of the 2 reales from Assayer R, this example is one of six known of the "PLV in rounded panel" type. A Latin R for the assayer's mark replaces the previous Gothic R, but curiously a small Gothic M finishes INDIARVM (most likely it was the M used for the mintmark because the Latin M punch had worn out). Hubbard's note on the coin envelope indicates he purchased it in 1955, after Nesmith's book had gone to publication, so it was not added as a different variety. Bright and deeply struck with full legends and interiors, an important coin for the serious collector. NGC #6448168-011. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.
($3500-5000)