Watch List notes:

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left of monogram (oMo-oPo), motto as PLS in right-leaning rhomboid panel with annulets on either side, rare, NGC VF 25. Nesmith-23a; Cal-44; S-M4; KM-6. 1.55 grams. A later acquisition for Hubbard, from a 1962 hoard (probably Guatemala), this coin is most likely not the same coin Nesmith mentioned as another example in his book. Toned with low luster, legends and details are visible, albeit soft, of the later HISPANIARVM variety. It is tied with one other for finest known in the NGC census. NGC #6448168-017. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.
($700-1000)