Watch List notes:

Mexico City, Mexico, 1/4 real, 1816, rare, NGC MS 65, finest known in NGC census. Yonaka-M04.116; KM-62; Cal-282. Choice strike and ample luster with rich toning all over, the finest example of the rare final date of issue, rated R2 by Yonaka. Curiously, the final digit of the date appears to be a low 6 over a high 6 (decidedly not 6/5), a variety that is not listed in Yonaka.

Estimate: $600 - $900