Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer O/L to left, mintmark oM to right (O/L-oM), very rare, NGC XF details / scratches. Nesmith-105a; Cal-unl; S-M10; KM-12. 6.68 grams. Nesmith noted only one example of this variety and it might be this very coin since a note on envelope says it was purchased in 1953 and there is handwriting on it that could be Nesmith's. Regardless, it is the third one we have catalogued (see lot 349 in this auction for another example) and important as showing alternations between L and O as assayers of the mint. NGC did not note the over-assayer on the label but it is very clear. There are scratches on both sides, some rather severe, and the smaller planchet makes parts of the legends hard to read. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder.

Estimate: $250 - $375