Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single, dotted annulets on either side, very rare, NGC VF 30, Nesmith Plate Coin (drawing and photo), ex-Laguette. Nesmith-25c; Cal-91; S-M4; KM-11. 6.09 grams. Originally plated in Nesmith as from the Lucio Laguette collection, Hubbard acquired it at a later time. It is another example of an early emission from assayer P with HISPANIE in the pillars-side legend and unusual devices as separators between words. In fact, the use of a quatrefoil with annulets in the corners on the shield side is unique, this being the only example known. With rainbow toning amid some darker patches and light surface porosity, full legends and details, it is a rare find for any serious collector. NGC #6448168-033. Pedigreed to the Lucio Laguette Collection and Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 92 and as a photo on Plate IV of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.
($3000-4500)