Watch List notes:

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer L to left, mintmark M between K and I, o to right, motto P-LV-S, very rare, NGC F 15. Nesmith-79; Cal-50; S-M9; KM-6.5. 1.49 grams. Rare mistake by Nesmith: His handwritten notes on the envelope accompanying this coin indicate he was looking at a new variety (91c) and had crossed out RN #79 which what he initially thought it was. It is indeed the 79 variety even though the legends are not completely legible. You can compare it to lot 488 in our Auction 31 (also from the Clyde Hubbard Collection) which is the 79 variety. Still rare and only the third we have catalogued. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder.

Estimate: $400 - $600