Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer R to right, mintmark M to left (M-R), NGC AU 53. Nesmith-69 type; Cal-99; S-M7; KM-12. 6.75 grams. While Nesmith thought assayer R coins were very rare and cataloged very few of them, we known they are not, at least in the 4 reales denomination (thanks to several salvaged shipwrecks), but minors are still not plentiful, especially M-R (much rarer than R-M), this one with frosty toning and sediment in crevices, almost full legends, clean interiors. NGC #6448147-003. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.
($500-750)