Watch List notes:

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right without annulets (P-M), motto as PLVS in right-leaning rhomboid panel with double annulets on either side, very rare, NGC VF details / damaged, Nesmith Plate (drawing, no photo), ex-Laguette. Nesmith-19a; Cal-64; S-M4; KM-unl (7 for type). 3.29 grams. A very small population of this variety exists (P-M without annulets above and below) and it was probably an early emission from assayer P (HISPANIE). This coin was plated in Nesmith when it belonged to Lucio Laguette, a collector whose coins Hubbard introduced to Nesmith before publishing his book. Hubbard must have purchased it later and even handwrote "ex Laguette" on the coin's envelope. Nesmith did not draw in the attempted hole at the top of pillars side and there is no photo so one would not know it exists. Nevertheless, it has lovely toning and a good strike with full details. NGC #6448168-019. Pedigreed to the Lucio Laguette Collection and Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 84 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.
($1000-1500)