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 VF 30. Nesmith-19a type/19; Cal-64; S-M4; KM-unl (7 for type). 3.24 grams. Tied with two others for second finest known in the NGC census behind the prior lot at XF 40. This toned specimen, with some surface roughness but full legends and details, is of the rare P-M variety with a left-leaning panel. In addition it is one with a very interesting terminal G in the shield legend (only one other known, in the Banco de Mexico collection). It was purchased after Nesmith published his book, otherwise it would have been included as a different variety from the others. NGC #6448168-020. 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)