Watch List notes:

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer R to right, mintmark M to left (M-R), NGC AU details / cleaned. Nesmith-69 type; Cal-99; S-M7; KM-12. 6.84 grams. While Nesmith thought assayer-R coins were very rare and cataloged very few of them, we know they are not, at least in the 4 reales denomination (thanks to several salvaged shipwrecks), but minors are still not plentiful, especially M-R as we see here, in overall good condition despite some softly struck and worn legends and encrustation in crevices here and there, a spot of staining at one o'clock in the shield-side legend. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder.

Estimate: $300 - $450