MEXICO. 1/4 Vellon (Tlaco - 1/8 Real), 1814-Mo. Mexico City Mint. Ferdinand VII. NGC AU Details--Reverse Scratched.
KM-63. The first year in a three-year series, the somewhat confusing nomenclature indicates that the 1/4 Vellon (as indicated by the fraction on the obverse) was in fact equivalent to 1/8 Real.
Estimate: $100 - $150