Watch List notes:

MEXICO, Colonial. Fernando VII, king of Spain, 1808-1833. 8 Reales 1821 Z (Silver, 40 mm, 26.58 g, 12 h), Royalist Coinage, Zacatecas. FERDIN•VII• - DEI•GRATIA / •1821• Laureate and cuirassed bust of Fernando VII to right. Rev. •HISPAN•ET IND•REX•Z.2R•R•G• Crowned arms between the Pillars of Hercules. Cayón 16053. KM 111.5. Minor scratches, otherwise, extremely fine.