Watch List notes:

MEXICO: Republic, AR 2 reales, 1848-GC, KM-374.7, assayer MP, cleaned, NGC graded AU Details. In 1844, a government mint was erected at Guadalupe y Calvo to strike coinage from the locally discovered Rosario vein. The mint was closed in 1850. In the book, Resplandores, it is noted that this date is "usually poorly struck on defective planchets", but this example is well struck.

Estimate: 400-500 USD