Watch List notes:

MEXICO: Republic, AR peso, 1898-Mo, KM-409.2, assayer AM, restrike made in San Francisco in 1949, reverse with 134 beads, a wonderful mint state example! PCGS graded MS64. In 1949 the San Francisco Mint struck 2,000,000 Mexican pesos dated 1898 for use in China. The 1898 original reverse has 139 denticles and the restrike has 134. The original coins have the tops of the "Mo" lined up and the restrikes have the "o" in "Mo" moved higher than the "M". These were made for the Chiang Kai-Shek Nationalist government (Kuomintang) which had introduced a new silver-based currency. The Nationalists were losing the Chinese civil war to Mao Tse-Tung's Communists and there was rampant inflation in the areas still controlled by the Nationalists.

Estimate: 200-300 USD