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 annulets on either side, lions and castles transposed, extremely rare, NGC AU 53. Nesmith-25b; Cal-91; S-M4; KM-11. 6.78 grams. A unique variety with lions and castles transposed (this almost never happened even in other denominations or with other assayers). There are only four known, one of which (Nesmith's plate coin) was donated to the ANS by its owner, Wayte Raymond, and the others were shipwreck pieces. This specimen is non-salvage, with beautiful toning, bold features and full legends (with some slight doubling) and interiors. In high grade, it is clearly a very important piece for the advanced collector. NGC #6448168-032. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the Superior auction of June 1979, with original lot-tag 2538. Accompanied by original tag or holder from Clyde Hubbard.
($3000-4500)