Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer R to left, mintmark M to right (R-M), NGC AU 53, Nesmith Plate Coin, ex-Rumbel. Nesmith-73; Cal-100; S-M7; KM-12. 6.75 grams. Deeply toned with full legends and interiors although slightly doubled on shield side, R-M a bit more common than M-R, tied with one other for finest known in NGC census. This coin also has the distinction of being photographed in Nesmith's book, on Plate VIII, when it belonged to O.K. Rumbel before Hubbard purchased it in the Christensen sale of Rumbel's collection afterward. NGC #6448147-005. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and as a photo on Plate VIII of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955) and to the Henry Christensen Auction of October 1959 of the O.K. Rumbel collection, lot 475. Accompanied by original tag or holder from Clyde Hubbard.
($500-750)