Watch List notes:

Mexico City, Mexico, 2 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 single, dotted annulets on either side, very rare, NGC XF details / corrosion. Nesmith-20 for type/25cd; Cal-92; S-M4; KM-11. 6.05 grams. While examples of oMo-oPo abound, oPo-oMo with either a right- or left-leaning panel is extremely rare and this is only the second one we have seen with a left-leaning panel. In all denominations, this assayer/mintmark and banner combination comprised the earliest emissions from assayer P, thus the use of HISPANIE (not HISPANIARVM) and unusual devices to separate words (cross potent with annulets in corners). The light corrosion is forgiven, especially considering the overall toning is lovely and the legends and interiors are virtually full. Purchased from Jess Peters in 1972, well after Nesmith's book was published. NGC #6448168-031. 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)