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 left-leaning rhomboid panel with double annulets on either side, very rare, NGC XF 40, finest known in NGC census. Nesmith-19a/19; Cal-64; S-M4; KM-unl (7 for type). 3.36 grams. Lightly toned with some areas of weak strike, still legible, a very rare example with P-M instead of oPo-oMo, probably the earliest coins minted under assayer P (HISPANIE). It was probably purchased after Nesmith published his book, otherwise it would have been included as a different variety from the others. As it is, it is a combination of two known Nesmith varieties (19a and 19). NGC #6448168-021. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.
($1000-1500)