Watch List notes:

Mexico City, Mexico, 1 real, 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 double annulets on either side, castles and lions transposed, very rare, NGC VF 20, Nesmith Plate (drawing and photo), ex-Rumbel. Nesmith-19; Cal-64; S-M4; KM-unl (7 for type). 3.21 grams. An important specimen for several reasons. First, rarely do you see transposed castles and lions on shields from the Mexico City mint and this one coupled with its pillars side is the first we have seen of that combination. Second, there are die matches to the shield side on assayers F and G coins, so you can see the correct progression of assayers (which Nesmith did not). And third, we can trace this coin back to a Henry Christensen sale of O.K. Rumbel coins, this one being the Nesmith 19 plate coin under his ownership with the lot-card envelope included. Nicely toned with legends and interiors all visible. NGC #6448168-018. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the O.K. Rumbel Collection (stated on label) (Christensen auction of October 1959, lot 431), also plated as a drawing on page 83 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.
($2000-3000)