Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer R (Latin) between bottoms of pillars, motto as PLVS in rounded panel, NGC XF 40, Nesmith Plate Coin (drawing, no photo). Nesmith-6b; Cal-115; S-M1; KM-16. 13.38 grams. Not often do plate coins from Nesmith's book come to market and the added benefit of this one is that Nesmith's typewritten notes about the coin appear on the envelope in which the coin was kept for about 70 years. An example of the last of the rounded-panel coins to be struck before the use of a rhomboid panel, this specimen is well worth being a plate coin as it has choice toning with full legends and interiors with all Latin lettering including the assayer-mark R and retrograde N, second finest known in the NGC census behind a single AU 50. NGC #6448168-013. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 70 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer R (Latin) between bottoms of pillars, motto as LVSV in rounded panel, NGC VF 35, Nesmith Plate Coin (drawing, no photo). Nesmith-6c; Cal-115; S-M1; KM-16. 13.48 grams. Another Nesmith plate coin drawing from his book, this example was also stored in an envelope on which Nesmith added a typewritten description. The "6c" for variety may have been handwritten later, probably by Hubbard, as Nesmith mentioned this coin in a letter to Hubbard dated January 1955 ("I have incorporated your 4 r. into the book"). This gem is of low contrast but has clear, full legends and is worthy of its standing as a plate coin, especially given the fact that Nesmith had seen only nine coins in total of this denomination. NGC #6448168-014. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 71 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right (oPo-oMo, the annulets dotted), motto as PLVS in left-leaning rhomboid panel with dotted annulets on either side, G/X in legend, very rare, NGC XF 45. Nesmith-21; Cal-124; S-M4; KM-17. 13.61 grams. Given that coins with oPo-oMo coupled with a left-leaning panel are the rarest and earliest from assayer P, this is the type of coin a discerning collector loves. Other features are the use of HISPANIE (versus the later HISPANIARVM) in the pillars legend, REG/X (a transition from REG to REX), and an error spelling of IOHANARE with the A punched over annulets. Nesmith included a number in his catalog for oPo-oMo 4 reales but never saw one (and certainly not one with this unusual lettering), and we have seen only one other example. This is a beauty given its choice toning and full legends, probably not shipwreck (where most have been found). The pillars side was photographed in an article Hubbard wrote for a Mexican magazine called Artes de Mexico, No. 103, 1968 (p. 14). NGC #6448168-036. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Schulman auction of November 1964, lot 2296. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right (oPo-oMo, the annulets dotted), motto as PLVS in left-leaning rhomboid panel with double, dotted annulets on either side, very rare, NGC XF details / environmental damage. Nesmith-21; Cal-124; S-M4; KM-17. Hubbard's notes say "Fla hoard Indian Village," as the source of this coin, the type of which (oPo-oMo) he knew Nesmith considered the rarest of all the Early Series coins. This may account for the patchy toning and rough surfaces (but not the flan crack at 4 o'clock on the shield side). Nevertheless, Nesmith included a number in his catalog for future finds which he never saw. Like the previous coin, this one is of an unusual variety where a K was used in place of an H, hence the spelling IOKAN and KISPANIE (versus the later HISPANIARVM). There is also a terminal K and KI in the legends, again for unknown reasons. Finally, this variety of oMo-oPo with a left-leaning panel is the earliest and rarest of all assayer P coinage and would be an important addition to any collection. NGC #6448168-037. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in right-leaning rhomboid panel with double annulets on either side, rare, NGC XF details / environmental damage. Nesmith-26 for type; Cal-123; S-M4; KM-17. Rainbow-toned with traces of surface pitting as from salvage or land find (Hubbard's envelope notes say "from a Florida hoard"), somewhat odd-shaped with small pieces of metal missing on opposite sides of the coin (from corrosion) but most of legends legible and interiors complete. This is a later issue from this assayer with HISPANIARVM in the pillars legend and the use of lozenges between words, not in Nesmith so apparently purchased after the book had been published. NGC #6448168-038. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, mintmark M/F/P to right of monogram (oMo-oM/F/Po), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC XF details / environmental damage. Nesmith-unl (11 for type); Cal-unl (119 for type); S-M2; KM-unl (17 for type). According to Kent Ponterio, this was a key coin variety (and one of four examples known to us) to re-assigning the chronology of assayers for the Early Series and was unknown to Nesmith (who thought that assayer G preceded P and F). Thus, despite its shortcomings of patchy toning and signs of corrosion (probably another coin from the "Florida hoard" that Hubbard was involved in), the legends and interiors are visible as is the all-important M/F/P to the right of the shield. Its importance to the serious collector cannot be overstated. NGC #6448168-050. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 3 reales, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars, denomination as three dots in a row above motto as PLVSVLT in rounded panel, rare, NGC XF 40, finest known in NGC census. Nesmith-5c; Cal-112; S-M1; KM-13.1. 10.11 grams. Hints of luster and toning with dark backgrounds in full legends (some doubling on shield side) make this example a beauty. Hubbard wrote on the back of the coin envelope "ex O.B. Windau, Cleveland Ohio" so perhaps was purchased from her after Nesmith published his book. While not a rare variety of 3 reales, this one really shines. A photograph of the pillars side of this coin appears in an article Hubbard wrote for a Mexican magazine called Artes de Mexico, No. 103, 1968, p. 15. NGC #6448168-012. Pedigreed to O.B. Windau and to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard. NOTE: The printed catalog shows the wrong estimate due to typographical error.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVS in rounded panel, very rare, NGC VF 35. Nesmith-4 for type/4; Cal-86; S-M1; KM-10 . 6.76 grams. Smaller denominations from the Early Series assayers are hard to find and mostly non-shipwreck, this a lovely well-centered piece with attractive silvery toning and full details. It is one of seven known of the "PLVS in rounded panel" type and all have slight variations. Hubbard may have purchased it from Jose Tamborrel in 1955 according to his typewritten note on the coin envelope, but it's not listed in Nesmith. Tied with two others for second finest in NGC census behind a single AU 50. NGC #6448168-010. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer R (Latin) between bottoms of pillars and motto as PLV in rounded panel, very rare, NGC AU 50, finest known in NGC census. Nesmith-4 for type/4b; Cal-87; S-M1; KM-10 . 6.61 grams. Possibly the last of the 2 reales from Assayer R, this example is one of six known of the "PLV in rounded panel" type. A Latin R for the assayer's mark replaces the previous Gothic R, but curiously a small Gothic M finishes INDIARVM (most likely it was the M used for the mintmark because the Latin M punch had worn out). Hubbard's note on the coin envelope indicates he purchased it in 1955, after Nesmith's book had gone to publication, so it was not added as a different variety. Bright and deeply struck with full legends and interiors, an important coin for the serious collector. NGC #6448168-011. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right (oPo-oMo, the annulets dotted), motto as PLVS in left-leaning rhomboid panel with single, dotted annulets on either side, very rare, NGC XF details / corrosion. Nesmith-20 for type/25cd; Cal-92; S-M4; KM-11. 6.05 grams. While examples of oMo-oPo abound, oPo-oMo with either a right- or left-leaning panel is extremely rare and this is only the second one we have seen with a left-leaning panel. In all denominations, this assayer/mintmark and banner combination comprised the earliest emissions from assayer P, thus the use of HISPANIE (not HISPANIARVM) and unusual devices to separate words (cross potent with annulets in corners). The light corrosion is forgiven, especially considering the overall toning is lovely and the legends and interiors are virtually full. Purchased from Jess Peters in 1972, well after Nesmith's book was published. NGC #6448168-031. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single, dotted annulets on either side, very rare, NGC VF 30, Nesmith Plate Coin (drawing and photo), ex-Laguette. Nesmith-25c; Cal-91; S-M4; KM-11. 6.09 grams. Originally plated in Nesmith as from the Lucio Laguette collection, Hubbard acquired it at a later time. It is another example of an early emission from assayer P with HISPANIE in the pillars-side legend and unusual devices as separators between words. In fact, the use of a quatrefoil with annulets in the corners on the shield side is unique, this being the only example known. With rainbow toning amid some darker patches and light surface porosity, full legends and details, it is a rare find for any serious collector. NGC #6448168-033. Pedigreed to the Lucio Laguette Collection and Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 92 and as a photo on Plate IV of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, lions and castles transposed, extremely rare, NGC AU 53. Nesmith-25b; Cal-91; S-M4; KM-11. 6.78 grams. A unique variety with lions and castles transposed (this almost never happened even in other denominations or with other assayers). There are only four known, one of which (Nesmith's plate coin) was donated to the ANS by its owner, Wayte Raymond, and the others were shipwreck pieces. This specimen is non-salvage, with beautiful toning, bold features and full legends (with some slight doubling) and interiors. In high grade, it is clearly a very important piece for the advanced collector. NGC #6448168-032. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the Superior auction of June 1979, with original lot-tag 2538. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF 30, Nesmith Plate Coin (description but no drawing or photo). Nesmith-25e; Cal-91; S-M4; KM-11. 6.83 grams. With a few assayer P coins, Nesmith never included a drawing of the coin (nor a photo), and this coin was one of those such that until we had it in hand, we did not know exactly what it looked like. In fact, Nesmith may have added it to his catalog just before printing, since Hubbard originally labeled the envelope that contained it as "25f" with the "f" lightly crossed out and an "e" written to the side. Regardless, this little beauty was struck on a broad flan and is nicely toned with virtually full legends and interiors. Of this later period with HISPANIARVM in the pillars legend, only three are known. NGC #6448168-034. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 93 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in right-leaning rhomboid panel with double annulets on either side, very rare, NGC VF 35, ex-Martini. Nesmith-25 for type/25 for type; Cal-91; S-M4; KM-11. 6.65 grams. A variety not cataloged by Nesmith (purchased just after publication and mentioned in a letter from Nesmith to Hubbard dated November 1955), this specimen is one of few with quatrefoils as stops between words in the pillars-side legend. Struck on a broad flan, it is lightly toned with full legends and details and has an important pedigree as from the collection of Siro de Martini (a renowned Argentinian collector). A photograph of the shield side of the coin appears in an article Hubbard wrote for a Mexican publication called Artes de Mexico, No. 103, 1968, p. 14. NGC #6448168-035. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the Siro de Martini Collection (with his tag) (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer F to right, mintmark M to left (oMo-oFo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare. Nesmith-15; Cal-90; S-M3; KM-11. 5.92 grams. A curious little coin whose authenticity was questioned by Hubbard (and authenticated by Nesmith who said "looks queer BUT I think it is because it was covered with crap from being buried and the stuff was not too carefully removed") in his typewritten and handwritten notes on the envelope that housed it: "Is this genuine?...I think this ok. Don't understand how the 'G' between pillars was worn off. Looks like an excavated piece, badly cleaned." He probably thought this was an assayer G coin because there is a die match under that assayer, but that is clearly not the case. The coin is, however, badly cleaned as he said, also tooled and poorly toned (it has a coppery look to it) on top of that. Even NGC declined to grade it, but we consider it VF for grade. We believe it to be genuine (look at our Auction 4, lot 202 for a die match) and forgive the coin its sins because of its extreme rarity, which applies to all assayer F coins. No collection could be complete without at least one coin from this assayer (and that's why there are a lot of incomplete collections). Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, assayer M/F to the left, mintmark M to the right (oM/Fo-oMo), motto as PLV in right-leaning rhomboid panel with single annulets on either side, rare, NGC MS 61, finest and only example in NGC census. Nesmith-10a type; Cal-89; S-M2; KM-unl (11 for type). 6.78 grams. This coin represents the apex of rarity and beauty, where rarity is represented by the overassayer "oM/Fo" in an otherwise small population of coins, and beauty by a bold strike, full legends and interiors, and silvery appearance (hence the high grade). Purchased well after Nesmith's book was published, thus it could not be included as a distinct variety. NGC #6448168-049. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, mintmark M to left and right (oMo-oMo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, rare, NGC VF 35. Nesmith-10a/10; Cal-88; S-M2; KM-unl (11 for type). 6.77 grams. A very nice example, purchased in 1958, after Nesmith's work came out, with a bold strike and virtually full legends, of the more-common variety (left-leaning panel vs. right-leaning panel), tiny gold spot on the pillars side. NGC #6448168-048. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVSV in rounded panel, rare, NGC XF details / mount removed. Nesmith-3a; Cal-60; S-M1; KM-7. 3.38 grams. Listed as an additional example of this variety in Nesmith (with the weight and diameter recorded by both Nesmith and Hubbard so we can verify it, along with the probability that he purchased it in April 1953, well before Nesmith's book was published), this little piece has copperish highlights over almost full legends (all Gothic except for the crude A on the pillars legend), a small flan crack at 7 o'clock on the shield side, and an unfortunate solder-mark on the edge at the top of the shield side. NGC #6448168-002. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVSV in rounded panel, rare, NGC Fine 15. Nesmith-3a; Cal-60; S-M1; KM-7. 3.15 grams. Another one of Hubbard's coins mentioned in his book by Nesmith as an additional example of a "3a" variety (with the weight and diameter recorded by both Nesmith and Hubbard so we can verify it, along with the fact that he purchased it in September 1952, just before he met Nesmith and well before the book was published). As with the previous lot, the legends contain all-Gothic lettering except the crude A on the pillars side, hence it was one of the earliest emissions from the mint. It is lightly toned with legends mostly visible, interiors complete. NGC #6448168-003. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVS in rounded panel, rare. Nesmith-3 for type/3b; Cal-60; S-M1; KM-7. 3.29 grams. A slightly later variety with crude A's used in both shield-side and pillars-side legends, this example suffers from traces of lacquer, tooling, and a plugged hole at 3 o'clock on the shield side, but the strike is bold, XF for grade, and most of the legend is visible. It was purchased in 1955 and therefore not included in Nesmith's book as a different variety. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVS in rounded panel, rare, NGC XF 40. Nesmith-3 for type/3b; Cal-60; S-M1; KM-7. 3.27 grams. Most of the 1R from assayer R differ by the amount of Gothic lettering they retain in the legends, and this one has one more crude A than the previous lot. Given that they were some of the first coins made at the new mint, the small admixture of improvised letter punches can be forgiven, as can the small part of the edge that is missing on this piece. Overall the dark toning with gold highlights, the good strike, and virtually full legends and interiors make this an attractive coin. In addition it is tied with one other for second finest in NGC census behind a single AU 55. NGC #6448168-005. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVSVL in rounded panel, rare, NGC VF 20. Nesmith-3c; Cal-60; S-M1; KM-7. 3.25 grams. Probably another example cited by Nesmith (mistakenly as a 3e coin) given the weight and diameter reported by both Nesmith and Hubbard and Hubbard's purchase date of April 1953. Hubbard also wrote on the coin's envelope that it was a 3e. They were both wrong by only one element, a double annulet used as a device between words that is present on this coin but absent on the Nesmith 3e coins. Despite their misattribution, it is still a rare example (as are all assayer R 1R) with PLVSVL in the panel and nicely toned with virtually full Gothic legends (except for the Latin M in the pillars legend). NGC #6448168-008. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVSVL in rounded panel, rare, NGC VF 25. Nesmith-3d; Cal-60; S-M1; KM-7. 3.13 grams. From a 1962 hoard, probably in Puebla, Mexico, per Hubbard's handwritten note on the coin envelope and not cataloged by Nesmith as a result. Lightly toned, softly struck example with virtually full Gothic legends (with the exception of a Latin M in the pillars legend and a Latin A in the shield legend) and a PLVSVL banner, the last type of assayer R 1R to be minted. NGC #6448168-006. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVSVL in rounded panel, rare, NGC VF details / saltwater damage. Nesmith-3d; Cal-60; S-M1; KM-7. 3.28 grams. Heavily corroded from burial on land rather than the sea if Hubbard's note about it being from a 1962 hoard is accurate, this brightly toned example has lost much of its legend (all Gothic except for a visible Latin M in the pillars legend and a Latin A in the shield legend) but retains most of the interiors, including a double-struck PLVSVL banner. There is also a curiously double-struck O in IOHA. NGC #6448168-007. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars and motto as PLVSVL in rounded panel, rare, NGC VF details / mount removed. Nesmith-3e; Cal-60; S-M1; KM-7. 3.37 grams. Deeply toned with a slightly crude strike on shield side along with a solder-mark at top of pillars side, this is another example of a PLVSVL banner coin, curiously not mentioned by Nesmith although purchased in April 1953, before his book was published. This variety has all-Gothic lettering except for a Latin M in the pillars legend along with a D made from the I and O punches and a Latin O in the shield legend. NGC #6448168-009. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right (oPo-oMo, the annulets dotted), motto as PLVS in left-leaning rhomboid panel with double annulets on either side, castles and lions transposed, very rare, NGC VF 20, Nesmith Plate (drawing and photo), ex-Rumbel. Nesmith-19; Cal-64; S-M4; KM-unl (7 for type). 3.21 grams. An important specimen for several reasons. First, rarely do you see transposed castles and lions on shields from the Mexico City mint and this one coupled with its pillars side is the first we have seen of that combination. Second, there are die matches to the shield side on assayers F and G coins, so you can see the correct progression of assayers (which Nesmith did not). And third, we can trace this coin back to a Henry Christensen sale of O.K. Rumbel coins, this one being the Nesmith 19 plate coin under his ownership with the lot-card envelope included. Nicely toned with legends and interiors all visible. NGC #6448168-018. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the O.K. Rumbel Collection (stated on label) (Christensen auction of October 1959, lot 431), also plated as a drawing on page 83 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right without annulets (P-M), motto as PLVS in right-leaning rhomboid panel with double annulets on either side, very rare, NGC VF details / damaged, Nesmith Plate (drawing, no photo), ex-Laguette. Nesmith-19a; Cal-64; S-M4; KM-unl (7 for type). 3.29 grams. A very small population of this variety exists (P-M without annulets above and below) and it was probably an early emission from assayer P (HISPANIE). This coin was plated in Nesmith when it belonged to Lucio Laguette, a collector whose coins Hubbard introduced to Nesmith before publishing his book. Hubbard must have purchased it later and even handwrote "ex Laguette" on the coin's envelope. Nesmith did not draw in the attempted hole at the top of pillars side and there is no photo so one would not know it exists. Nevertheless, it has lovely toning and a good strike with full details. NGC #6448168-019. Pedigreed to the Lucio Laguette Collection and Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 84 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right without annulets (P-M), motto as PLVS in left-leaning rhomboid panel with double annulets on either side, very rare, NGC XF 40, finest known in NGC census. Nesmith-19a/19; Cal-64; S-M4; KM-unl (7 for type). 3.36 grams. Lightly toned with some areas of weak strike, still legible, a very rare example with P-M instead of oPo-oMo, probably the earliest coins minted under assayer P (HISPANIE). It was probably purchased after Nesmith published his book, otherwise it would have been included as a different variety from the others. As it is, it is a combination of two known Nesmith varieties (19a and 19). NGC #6448168-021. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right without annulets (P-M), motto as PLVS in left-leaning rhomboid panel with double annulets on either side, very rare, NGC VF 30. Nesmith-19a type/19; Cal-64; S-M4; KM-unl (7 for type). 3.24 grams. Tied with two others for second finest known in the NGC census behind the prior lot at XF 40. This toned specimen, with some surface roughness but full legends and details, is of the rare P-M variety with a left-leaning panel. In addition it is one with a very interesting terminal G in the shield legend (only one other known, in the Banco de Mexico collection). It was purchased after Nesmith published his book, otherwise it would have been included as a different variety from the others. NGC #6448168-020. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with double annulets on either side, very rare, NGC XF details / mount removed, graffiti. Nesmith-24a/24 for type; Cal-63; S-M4; KM-unl (7 for type). 3.29 grams. The only type of the oMo-oPo left-panel variety to feature HISPANIE instead of HISPANIARVM (and not cataloged by Nesmith so purchased after 1955). Bold strike, some unfortunate scratches on the pillars side, and a bit of peripheral staining on both sides, but not a bad example all things considered. NGC #6448168-029. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF 30, Nesmith Plate (drawing and photo). Nesmith-24; Cal-63; S-M4; KM-unl (7 for type). 3.31 grams. Tied with three others for finest known in the NGC census. Hubbard or Nesmith hand wrote on the envelope in which the coin was stored, "Finest specimen seen." This piece came from the Guadalupe hoard found in Mexico City in the summer of 1952, according to a typewritten note also on the envelope. Rather flat toning with some central weakness and dark stains on the right edges of the shield side, it is still impressive for its grade and provenance as the Nesmith 24 plate coin (with an accompanying photo in the back of the book). NGC #6448168-022. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 87 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF 30. Nesmith-24/24 for type; Cal-63; S-M4; KM unl (7 for type). 3.27 grams. Purchased in 1998, this coin could not have been included in Nesmith's book as a separate variety. Lovely iridescent toning in the legends, a little flatness in the central areas, but all details present and accounted for. A wonderful addition to a collection given that 1R are tough to find regardless of the Nesmith variety. This example is probably finest at NGC because the census tops out with four in VF, including the next two lots with lower numeric grades. NGC #6448168-023. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF 20. Nesmith-24 for type/24a; Cal-63; S-M4; KM-unl (7 for type). 3.23 grams. A unique shield-side die-variety, Hubbard recognized this as a variety Nesmith did not have (he bought the coin well after the book was published and wrote "unpublished var." on the outside of the coin envelope), a low-contrast piece with natural surfaces, some weakness on the interiors but legends complete and technically tied for second finest in the NGC census. NGC #6448168-030. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF 20. Nesmith-24a type; Cal-63; S-M4; KM unl-(7 for type). 3.27 grams. A very competent specimen with low toning, darkish background and virtually full legends, purchased well after Nesmith's book was published hence not included as a different variety, technically tied for second finest in the NGC census. NGC #6448168-024. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Almanzar auction of August 1972, lot 2218. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF details / environmental damage. Nesmith-24b/24d; Cal-63; S-M4; KM-unl (7 for type). 3.35 grams. A variety Nesmith had not seen (a combination of his 24b and 24d), this coin was purchased after the book was published, from a 1962 hoard (probably the Guatemala hoard he wrote about), hence the bits of corrosion and encrustation. A nicely toned piece with virtually full legends. NGC #6448168-027. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in right-leaning rhomboid panel with single annulets on either side, very rare, NGC VF details / plugged, ex-Lawson. Nesmith-24b; Cal-63, S-M4; KM-unl (7 for type). 3.20 grams. As with all Early Series minor denominations, many varieties are scarce and this is one of two we have seen (the other being Nesmith's plate coin from the F.C.C. Boyd collection), purchased well after Nesmith published his book. While the toning is a plus, the expertly repaired hole faintly visible at 6 o'clock on the pillars side and the old scratches are a distraction. Still, it has value to a true collector. NGC #6448168-026. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the Lawson Collection (stated on label) (Superior auction of June 1985, with original lot-tag 2829). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in right-leaning rhomboid panel with single annulets on either side, very rare, NGC Fine 15, Nesmith Plate Coin (drawing, no photo), ex-Laguette. Nesmith-24c; Cal-63; S-M4; KM-unl (7 for type). 3.18 grams. Another ex-Lucio Laguette collection coin, which also happens to be the Nesmith 24c plate coin, this little gem has lovely toning and, despite some old scratches, retains full legends and interiors. NGC #6448168-025. Pedigreed to the Lucio Laguette Collection and Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 89 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), motto as PLVS in right-leaning rhomboid panel with single annulets on either side, very rare, NGC VF details / stained, Nesmith Plate Coin (drawing and photo). Nesmith-24e; Cal-63; S-M4; KM-unl (7 for type). 3.23 grams. A slightly off-planchet strike makes the coin legends tough to decipher although the all-important terminal letters are visible. Overall a frosty tone with some central weakness, rich in detail elsewhere. Tts true value is the fact that it is a Nesmith plate coin. NGC #6448168-028. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 90 and as a photo on Plate IV of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer F to right, mintmark M to left (oMo-oFo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF 25, finest known in NGC census, Nesmith Plate Coin (drawing and photo), ex-Rumbel. Nesmith-14; Cal-62; S-M3; KM-unl (7 for type). 3.19 grams. A bridge coin illustrating the transition from assayer P (Nesmith 24) to assayer G (Nesmith 9 and M/F/P) and thus correcting the order of assayers laid forth by Nesmith, it is deeply toned with an old scratch on the pillars side, virtually full legends, and extremely rare (as are all assayer F coins) thus important to the serious collector. On top of that, it was a Nesmith plate coin from the O.K. Rumbel collection, purchased later by Hubbard. NGC #6448168-040. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the O.K. Rumbel Collection (stated on label) (Christensen auction of October 1959, lot 430), also plated as a drawing on page 81 and as a photo on Plate III of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, assayer M/F/P to right of monogram, mintmark M to the left (oMo-oM/F/Po), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, very rare, NGC VF 25, finest and only example in NGC census, ex-Laguette. Nesmith-9; Cal-unl (61 for type); S-M2; KM-unl (6 for type). 3.12 grams. The right-side mintmark is "oM/F/Po," thus showing the progression of this particular die from assayer P to F and finally to G. See the previous lot for an example under assayer F. Nesmith never recognized this progression and therefore incorrectly guessed that G preceded F and P because the assayer mark G appears at the bottom of the pillars, just as with assayer R. This is a beautifully toned specimen with full details. The only coin Nesmith mentioned as an example of this type (again, not recognizing the M/F/P) was owned by him, and while this one Hubbard noted was "ex Laguette," it mysteriously did not appear in Nesmith's census since he catalogued Laguette's coins before publishing his book. NGC #6448168-043. Pedigreed to the Lucio Laguette Collection and Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, assayer M/F to the left, mintmark M to right (oM/Fo-oMo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, rare, NGC VF 30. Nesmith-9 for type; Cal-unl (61 for type); S-M2; KM-unl (6 for type). 3.22 grams. This variety is new to us but contains known assayer G shield and pillars types (but more interestingly not a shield variety found under assayers P or F...yet). Rarity and beauty align with a bold strike and choice toning, full legends and interiors combined with a previously unknown overassayer type. It was purchased after Nesmith's book; however, Nesmith might not have recognized it as an overassayer coin and simply listed it as another variety of G. To be fair, Hubbard did not recognize it as such either. Tied with next lot for finest known in NGC census NGC #6448168-044. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and pedigreed to the Christensen auction of March 1966, lot 2932. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, assayer M/F to left, mintmark M to the right (oM/Fo-oMo), motto as PLVS in left-leaning rhomboid panel with single annulets on either side, rare, NGC VF 30. Nesmith-9 for type/9b; Cal-unl (61 for type); S-M2; KM unl (6 for type). 3.29 grams. This is another variety new to us, although it contains known assayer-G shield and pillars types (but more interestingly not a shield variety found under assayer F). It is a lightly toned specimen with some softness of strike, virtually full legends and details. No purchase date was given but clearly after Nesmith's book and Hubbard did not recognize the overassayer, thinking it was a straight 9b coin (see next lot for an example). Tied with prior lot for finest known in NGC census NGC #6448168-046. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, motto as PLVS in left-leaning rhomboid panel with single annulets on either side, rare, NGC XF details / holed. Nesmith-9b; Cal-61; S-M2; KM unl (6 for type). It is unfortunate that this little beauty has a hole marring its otherwise choice toning and sharp strike. While the legends are not complete, they are bold and beautiful. Purchased by Hubbard in 1956, it would not have been included in Nesmith's work, although Nesmith mentioned several other examples and it remains the most numerous variety. NGC #6448168-045. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, motto as PLVS in left-leaning rhomboid panel with single annulets on either side, rare, NGC VF 25, finest and only example in NGC census. Nesmith-9 type/9; Cal-61; S-M2; KM unl (6 for type). 3.30 grams. A deeply toned example with all details visible, struck slightly off-center and purchased after Nesmith's book was published, otherwise he would have listed this coin as a separate (albeit very similar) variety to his 9. NGC #6448168-047. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Almanzar auction of August 1972, lot 2215. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer R (Gothic) between bottoms of pillars motto as PLVS in rounded panel, very rare, NGC VF details / plugged. Nesmith-2; Cal-41; S-M1; KM-6. Traces of lacquer and a plugged hole with a crude repair make this a tough coin to love. The overall details (not to mention the rarity) redeem it to a large degree. Interestingly, of the eight known, four are holed. Nesmith noted three examples but not this one since it was purchased after his book was published. NGC #6448168-086. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer P to left, mintmark M to right of monogram without annulets (P-M), motto as PLV in right-leaning rhomboid panel, extremely rare, NGC VF 30, finest and only example in NGC census. Nesmith-18 type/18; Cal-45; S-M4; KM-6. 1.60 grams. A curious coin with P-M and no annulets (only found in this and the 1 real denomination), this is only the second one we have seen, and Nesmith never even saw one. It also contains the spelling errors KARLVS and IOMANA. Overall a very attractive specimen with possibly a small crack at the top of the obverse but not penetrating to the other side. Note the Nesmith 18 coin (listed as from the Clyde Hubbard collection) is not this coin (and has annulets above and below P and M). NGC #6448168-015. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard. NOTE: The printed catalog shows an incorrect estimate due to typographical error.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left of monogram (oMo-oPo), motto as PLV in left-leaning rhomboid panel with annulet to left, rare, NGC VF details / edge damage, Nesmith Plate Coin (drawing only). Nesmith-23; Cal-44; S-M4; KM-6. 1.53 grams. This is the Nesmith 23 plate drawing (the photo in the back of the book is of another coin) and while he listed examples in other collections (and there are numerous examples of this early HISPANIE variety for which there is also an assayer F/P shield-side die match), he chose to draw this one, as it is a good example despite the grade. It has nice toning with some rough areas, virtually full legends. NGC #6448168-016. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label), plated as a drawing on page 86 of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left of monogram (oMo-oPo), motto as PLS in right-leaning rhomboid panel with annulets on either side, rare, NGC VF 25. Nesmith-23a; Cal-44; S-M4; KM-6. 1.55 grams. A later acquisition for Hubbard, from a 1962 hoard (probably Guatemala), this coin is most likely not the same coin Nesmith mentioned as another example in his book. Toned with low luster, legends and details are visible, albeit soft, of the later HISPANIARVM variety. It is tied with one other for finest known in the NGC census. NGC #6448168-017. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer F/P to right, mintmark M to left (oMo-oF/Po), motto as PLV in left-leaning rhomboid panel with single annulets on either side, extremely rare, NGC Fine details / bent. Nesmith-13 for type/13; Cal-unl (43 for type); S-M3; KM-17. 1.29 grams. There are die matches to assayer P coins for comparison, but this is one of three known examples under assayer F (F/P). It was listed by Nesmith as another example of his No. 13 coin listed under assayer F, as he did not recognize the overassayer at the time; although, Hubbard must have at some later time, based on his handwritten notes on the coin envelope. So, while this example isn't perfect, it has nice toning and can be forgiven its imperfections for its extreme rarity. NGC #6448168-039. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Early Series," assayer G between bottoms of pillars, assayer M/F to right, mintmark M to left (oMo-oM/Fo), motto as PLV in right-leaning rhomboid panel with single annulets on either side, extremely rare, NGC VG details / environmental damage. Nesmith-8 for type; Cal-42; S-M2; KM-unl (6 for type). As with many 1/2 real coins, this one is not a perfect specimen given its spotty toning, uneven strike and perhaps bits of "horn" silver; however, it is the only NGC-certified example of oM/Fo, and in general they are not found in top condition, probably from many years of use. Assayer G coins of this denomination are very rare, and this is the only one we have seen with M/F (unlisted in Nesmith). NGC #6448168-042. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), king's name as CHAROLVS, NGC AU details / cleaned. Nesmith-50 for type; Cal-125; S-M5; KM-18. 13.45 grams. A rare error coin from the Mexico City mint, with IMDIARVM instead of INDIARVM on the pillars legend, only found on a few coins early in this assayer's tenure, with the king's name as CHAROLVS. Full-flan example with complete legends, lightly toned. NGC #6448110-024. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Richard Long Auction of May 1996 (lot 248). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), king's name as CHAROLVS, NGC AU 58. Nesmith-50f type; Cal-125; S-M5; KM-18. 13.57 grams. Well struck on a broad flan with complete legends, an early issue from this assayer with the king's name as CHAROLVS, pillars-side legend ending in a trefoil or flower, which is very rare and only from this assayer, probably from the "Golden Fleece wreck" (ca. 1550). NGC #6448110-030. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), king's name as CHAROLVS, NGC AU 58. Nesmith-50f; Cal-125; S-M5; KM-18. 13.60 grams. Richly toned early issue from this assayer with the king's name as CHAROLVS, struck on a broad flan with full legends and rare pillars-side legend-ending of a trefoil or flower (used only by this assayer). NGC #6448110-034. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 53, ex-Lawson (stated on label). Nesmith-50c type; Cal-127; S-M5; KM-18. 13.63 grams. Lovely example struck on an impressively broad flan with contrasting toning rendering legends and details sharp, capped by an unusual shield-side legend-ending of three o's. NGC #6448110-025. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage and to the Lawson Collection (Superior Auction of June 1985, with original lot-tag 2837). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 55. Nesmith-50c type; Cal-127; S-M5; KM-18. 13.55 grams. Very broad flan and deeply toned, all details visible, a well-struck example from a time period when coinage was at its most beautiful. NGC #6448110-026. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU details / cleaned. Nesmith-50c type; Cal-127; S-M5; KM-18. 13.47 grams. Despite the grade, this coin has wonderful gunmetal toning indicative of its probable origin, the "Golden Fleece wreck" (ca. 1550), with no clear signs of cleaning. A very broad flan and full details round out its beauty. NGC #6448110-027. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 53. Nesmith-50d; Cal-127; S-M5; KM-18. 13.41 grams. Lightly toned specimen on a typically broad flan, well-executed design with full legends and interiors, similar to what we expect from this assayer and time period. NGC #6448110-028. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Richard Long Auction of May 1996 (lot 247). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC MS 62. Nesmith-50e type; Cal-127; S-M5; KM-18. 13.37 grams. Hard to find a nicer example, from the beautiful chocolate toning to the extra large flan (metal extends well outside the design in some areas), to the crisp, clear details throughout, second highest grade in the NGC census. This is a prize for the discerning collector. NGC #6448110-029. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC MS 60. Nesmith-50f type; Cal-127; S-M5; KM-18. 13.59 grams. Attractive light toning over a broad flan with full details, probably from the "Golden Fleece wreck" (ca. 1550). NGC #6448110-032. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 58. Nesmith-50f; Cal-127; S-M5; KM-18. 13.46 grams. Interesting variety with INDIARV instead of INDIARVM in legend and use of trefoils or flowers as stops in both legends (used only by this assayer), struck on an oversized flan with excess metal extending over some edges, lovely toning throughout, probably from the "Golden Fleece wreck" (ca. 1550). NGC #6448110-031. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 55. Nesmith-50f; Cal-127; S-M5; KM-18. 13.66 grams. Attractive specimen with choice toning (somewhat glossy almost), super-broad flan, full legends and details, another interesting type with the use of a trefoil or flower at the terminus of the pillars-side legend (used only by this assayer). NGC #6448110-033. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Stack's Auction of December 1987, with original lot-tag 2544. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 58. Nesmith-50g type; Cal-127; S-M5; KM-18. 13.64 grams. Lightly toned on a broad flan with full details and the curious trefoil or flower appearing at the end of the pillars-side legend (used only by this assayer), probably from the "Golden Fleece wreck" (ca. 1550). NGC #6448110-035. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC UNC details / cleaned. Nesmith-50g type; Cal-127; S-M5; KM-18. 13.57 grams. Struck slightly off-center on a broad flan, lots of eye appeal with contrasting toning, no clear signs of cleaning despite the grade, interesting trefoils or flowers used as stops between words in the pillars-side legend (used only by this assayer) and more than likely from the "Golden Fleece wreck" (ca. 1550). NGC #6448110-036. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), NGC AU 55. Nesmith-46type; Cal-128; S-M5; KM-18. 13.35 grams. Very broad flan with extra metal outside of design area, nicely toned with full legends and details, unusual ending of banner between pillars showing TR instead of TRA, probably from the "Golden Fleece wreck" (ca. 1550). NGC #6448110-020. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), motto as PLV-SoVL-TRA, NGC AU details / cleaned. Nesmith-46b; Cal-128; S-M5; KM-18. 13.53 grams. Despite the grade, this lovely coin has the deep gunmetal toning indicative of its probable origin from the "Golden Fleece wreck" (ca. 1550), plus so much more. It's an extremely rare variety with PLV-SoVL-TRA for the banner between pillars plus the unusual pillars legend with double annulets in IN : DIARVM followed by a trefoil or flower to finish the legend (only found in combination and used only by this assayer). It's a coin for the discerning collector. NGC #6448110-021. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), NGC AU 55. Nesmith-46c type; Cal-128; S-M5; KM-18. 13.42 grams. Deeply toned on a broad flan (some extra metal outside the design area), full legends and details, unusual ending of banner between pillars showing TR instead of TRA, probably from the "Golden Fleece wreck" (ca. 1550). NGC #6448110-022. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), NGC AU 58. Nesmith-46e; Cal-128; S-M5; KM-18. 13.60 grams. Very broad flan with extra metal outside of design area, lovely deep toning, full legends and details, slight doubling in legends. NGC #6448110-023. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer R to left, mintmark M to right (R-M), NGC XF 45, ex-Rumbel. Nesmith-74; Cal-100; S-M7; KM-12. 13.58 grams. Until the finding of the “Golden Fleece Wreck” (ca. 1550), this issue was remarkably rare. Richly toned example with almost full legends and inner details, nicely centered. NGC #6448147-006. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Henry Christensen Auction of October 1959 of the O.K. Rumbel collection, lot 446. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer S to left, mintmark oM to right (S-oM), extremely rare, NGC VF 35, finest and only example in NGC census. Nesmith-78b; Cal-129; S-M8; KM-18. 13.48 grams. Unlisted in Nesmith (tag says "unlisted variety checked by Nesmith" so purchased after his book was published in 1955 but probably before any shipwrecks yielded examples), this rarity boasts nicely contrasting toning with virtually full legends on a broad flan. It's only the third example we have seen, and while each contains the same shield design, the pillars design is different. It's a must-have coin for the serious collector. In addition, a photograph of the shield side of the coin appears in an article Hubbard wrote for a Mexican publication called Artes de Mexico, No. 103, 1968, p. 14. NGC #6448147-009. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer L to right, mintmark oM to left (oM-L), NGC AU 53. Nesmith-90; Cal-135; S-M9; KM-18. 13.45 grams. Very bold specimen with choice toning, super contrast, full legends and interiors, and tremendous eye appeal. NGC #6448147-025. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Ponterio Auction of October 1990, with original lot-tag 506. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer L to left, mintmark oM to right (L-oM), NGC MS 62. Nesmith-94a; Cal-136; S-M9; KM-18. 13.60 grams. Frosty and lustrous with a silvery sheen and virtually full legends, an exceptional piece for this assayer. A notation on Hubbard's envelope of "gua hoard coll" indicates this coin may have been from a hoard of reportedly 3,000 silver Charles and Joanna and Philip II coins found in the summer of 1950 at the shrine of our Lady of Guadalupe in Mexico City behind an adobe wall on church property. This was just before Nesmith and Hubbard met in New York City by chance and contributed to Nesmith's body of work published in 1955 (the hoard is mentioned on pages 4-5). Second finest in NGC census behind a single MS 63. NGC #6448147-026. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer O/L to left, mintmark oM to right (O/L-oM), very rare, NGC AU 55. Nesmith-106 type; Cal-unl; S-M10; KM-18. 13.65 grams. Very clearly O/L, a variety not unknown to Nesmith but rarely seen. Bold strike on a broad flan with nice toning, slightly off-center. NGC #6448147-036. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer O/L to right, mintmark oM to left (oM-O/L), NGC MS 61, finest known in NGC census. Nesmith-110a; Cal-unl; S-M10; KM-18. 13.72 grams. Beautifully toned and full of luster and frosty field, struck on a broad flan and well centered, this specimen is rare as oM-O/L but not unknown to Nesmith. In fact, one of the examples he cites may well have been this coin, given that Hubbard wrote "coll" on the coin envelope, indicating the piece was part of the hoard from the Lady of Guadalupe shrine which Nesmith knew about and had access to catalog. NGC #6448147-038. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC MS 64, finest known in NGC census. Nesmith-110; Cal-138; S-M10; KM-18. 13.71 grams. While Nesmith reported seeing hundreds of this variety, he probably never saw one as nice as this coin whose grade reflects its beauty, strike, and luster, all on a broad flan with sharp details and almost complete legends--a prize coin for any collection. Note the banner spelling ending in TR as well. In the NGC census, this coin stands out in front of a crowd of 28 other examples that top out at MS 62. NGC #6448147-039. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC AU 58. Nesmith-110; Cal-138; S-M10; KM-18. 13.66 grams. Good-looking coin with lots of shine and luster, small flan crack at 2 o'clock on shield side, virtually full legends, another great example from this assayer, the last of the Late Series assayers, whose coinage was often carelessly struck. NGC #6448147-040. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 4 reales, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC MS 62. Nesmith-110b; Cal-138; S-M10; KM-18. 13.49 grams. As with previous coins in high grade, this one was probably part of the hoard from the Lady of Guadalupe shrine, evidence of which is "gua hoard" typewritten on the coin envelope by Hubbard. It has lustrous toning over some minor corrosion and a hairline crack at 10 o'clock on shield side but is clearly high grade, especially from this assayer. Note the banner misspelling: PLV/SV/TR. Tied with one other for second finest in the NGC census behind a single MS 63. NGC #6448147-037. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer oGo to right, mintmark oMo to left (oMo-oGo), king's name as CHAROLVS, rare, NGC MS 63, finest known in NGC census. Nesmith-33 type; Cal-93; S-M5; KM-12. 6.81 grams. Exceedingly high grade for this series, bright and lustrous, full legends and interiors in sharp detail, probably the earliest from this assayer with CHAROLVS as king's name and oMo-oGo for mintmark and assayer, a must for any serious collector. NGC #6448110-005. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer G to left, mintmark oM to right (G-oM), NGC AU 55. Nesmith-41 type; Cal-94; S-M5; KM-12. 6.83 grams. Broad flan with beautiful chocolate toning, full legends and details, a rarer small-population variety (G-oM), tied with one other for finest known in NGC census. NGC #6448110-014. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Superior Stamp and Coin Co. Inc. Auction of June 1975, lot 1552. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer inverted G (very rare) to left, mintmark M to right (inverted G-M), NGC XF details / damaged. Nesmith-45a type; Cal-unl (94 for type); S-M5; KM-unl (12 for type). Rather crude strike for an assayer G coin, but extremely rare. This only the second one we have seen with an inverted G to the left instead of the right and unknown to Nesmith. There is damage in the legend at 11 o'clock on the shield side and a flan-crack, otherwise the legends and inner details are all visible including the all-important inverted G . NGC #6448110-013. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), NGC AU 53. Nesmith-45b; Cal-94; S-M5; KM-12. 6.77 grams. Toned with slight doubling, full legends and details, a very appealing example and second finest in NGC census behind a single AU 55. NGC #6448110-015. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 55. Nesmith-49 type; Cal-93; S-M5; KM-12. 6.74 grams. Frosty toning and well centered with almost full legends, full interiors. NGC #6448110-016. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 50. Nesmith-49d; Cal-93; S-M5; KM-12. 6.64 grams. Struck on a very broad flan with outside rims visible, bright highlights with great definition, full legends and interiors. NGC #6448110-017. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 58. Nesmith-49e type; Cal-93; S-M5; KM-12. 6.63 grams. A lovely specimen, frosty with an uncirculated look to it, well-struck full legends and interiors. NGC #6448110-018. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer G to right, mintmark oM to left (oM-G), NGC XF 45. Nesmith-53a; Cal-93; S-M5; KM-12. 6.76 grams. Richly toned and deeply colored, full legends and inner details, a very nice example that is tied with one other for finest known in NGC census. NGC #6448110-019. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Superior Auction of June 1976, with original lot-tag 2827. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer R to right, mintmark M to left (M-R), NGC AU 53. Nesmith-69 type; Cal-99; S-M7; KM-12. 6.75 grams. While Nesmith thought assayer R coins were very rare and cataloged very few of them, we known they are not, at least in the 4 reales denomination (thanks to several salvaged shipwrecks), but minors are still not plentiful, especially M-R (much rarer than R-M), this one with frosty toning and sediment in crevices, almost full legends, clean interiors. NGC #6448147-003. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer R to right, mintmark M to left (M-R). NGC AU 55. Nesmith-69 type; Cal-99; S-M7; KM-12. 6.80 grams. Lightly struck, with luster, and a great grade. The M-R minor denominations are not plentiful, and this is a nice example, with almost full legends and interiors, tied with two others for finest known in NGC census. NGC #6448147-004. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer R to left, mintmark M to right (R-M), NGC AU 53, Nesmith Plate Coin, ex-Rumbel. Nesmith-73; Cal-100; S-M7; KM-12. 6.75 grams. Deeply toned with full legends and interiors although slightly doubled on shield side, R-M a bit more common than M-R, tied with one other for finest known in NGC census. This coin also has the distinction of being photographed in Nesmith's book, on Plate VIII, when it belonged to O.K. Rumbel before Hubbard purchased it in the Christensen sale of Rumbel's collection afterward. NGC #6448147-005. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and as a photo on Plate VIII of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955) and to the Henry Christensen Auction of October 1959 of the O.K. Rumbel collection, lot 475. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer A to right, mintmark M to left (M-A), NGC MS 63. Nesmith-57b type; Cal-97; S-M6; KM-12. 6.80 grams. Tied with one other for finest known in NGC census, a lustrous example with light toning, some carbon spots here and there on shield side not affecting beauty or detail. NGC #6448110-044. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer A to left, mintmark M to right (A-M), rare, NGC AU 58, finest known in NGC census. Nesmith-61a; Cal-98; S-M6; KM-12. 6.76 grams. Much rarer than the M-A type, this gem is also very good-looking, struck on a broad flan and richly toned, all legends and interiors clearly visible. Additionally a photograph of the shield side of this coin appears in an article Hubbard wrote for a Mexican publication called Artes de Mexico, No. 103, 1968, p. 14. NGC #6448110-045. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Henry Christensen Auction of March 1966, lot 2939. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer S to right, mintmark oM to left (oM-S), extremely rare, NGC AU 58, finest known in NGC census. Nesmith-77; Cal-95; S-M8; KM-12. 6.82 grams. From the rarest of all Late Series assayers per Nesmith (correctly so) who knew of only one example, although more have come to light since his time (including one other at NGC in AU 53), this one low in contrast with high points lightly struck but with virtually full details, an important piece for the serious collector. NGC #6448147-008. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer L to left, mintmark M to right (L-M), NGC MS 63, finest and only example in NGC census. Nesmith-81a; Cal-102; S-M9; KM-12. 6.84 grams. Lots of eye appeal with this coin given the traces of rainbow color over luster, full details and choice high grade. NGC #6448147-023. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left (M-L), NGC AU 58. Nesmith-85b type; Cal-101; S-M9; KM-12. 6.82 grams. Tied with one other for second finest in NGC census behind a single MS 62, this with an unlisted terminal stop on the pillars side unknown to Nesmith, a lustrous example with faint rainbow color, virtually full legends and interiors. NGC #6448147-024. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC AU 55. Nesmith-109; Cal-103; S-M10; KM-12. 6.82 grams. Very eye-appealing and struck on a broad flan with choice toning, no luster, virtually full details. While not rare, this is a nice specimen. NGC #6448147-034. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Henry Christensen Auction of October 1959, lot 492. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC AU 58. Nesmith-109a; Cal-103; S-M10; KM-12. 6.85 grams. Second finest in NGC census behind a single MS 63, slightly doubled with light toning and struck on an irregularly shaped flan such that interiors are clear while some legends are not. NGC #6448147-035. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer G to left, mintmark oM to right (G-oM), rare, NGC AU 55, finest and only example in NGC census. Nesmith-40; Cal-66; S-M5; KM-unl (9 for type). 3.34 grams. While Nesmith gave a catalog listing for a 1 real G-oM, he never saw an example (listed as "unknown" in his book). This is the second we have seen, albeit with slightly different legends, and a lovely example with full legends and details, ex-Guadalupe hoard of 1962 as noted by Hubbard on coin envelope. NGC #6448110-006. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), NGC AU 55. Nesmith-44d type; Cal-66; S-M5; KM-unl (9 for type). 3.36 grams. Bold strike on a full planchet with all legends and interiors visible, some dark staining on pillars side, otherwise well toned. NGC #6448110-007. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), top of shield curved, NGC AU 58. Nesmith-44f; Cal-66; S-M5; KM-unl (9 for type). 3.40 grams. Slightly double-struck on a full planchet with hints of rainbow toning, legends and interiors visible, small carbon stain at bottom of shield, an interesting variety with a curved top of shield (not necessarily rare but only found in this denomination). NGC #6448110-008. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right (G-M), top of shield curved, NGC MS 61. Nesmith-44f; Cal-66; S-M5; KM-unl (9 for type). 3.31 grams. Second finest in NGC census behind a single MS 62, a beautifully struck specimen on a broad flan, full details, some small carbon bits on pillars side, and as with the prior lot, an interesting variety with a curved shield (not necessarily rare but only found in this denomination). NGC #6448110-009. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 55. Nesmith-48e; Cal-65; S-M5; KM-9. 3.41 grams. Tied with two others for second finest in NGC census behind a single AU 58, this example struck on a very broad planchet, with full details and attractive toning. Per Hubbard's notes, this was from the Guadalupe hoard of 1952 so probably listed as an example in Nesmith. NGC #6448110-010. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), top of shield curved, NGC AU 55. Nesmith-48i; Cal-65; S-M5; KM-9. 3.37 grams. Tied with two others for second finest in NGC census behind a single AU 58, a choice example with well-struck interiors and legends (almost full) and another of the variety with a curved shield (not necessarily rare but only found in this denomination). NGC #6448110-011. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer G to right, mintmark M to left (M-G), NGC AU 58, finest known in NGC census. Nesmith-48 for type; Cal-65; S-M5; KM-9. 3.37 grams. Even, dark toning over virtually full legends and interiors, a choice piece with lots of eye appeal. NGC #6448110-012. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer A to right, mintmark M to left (M-A), top of shield curved, NGC MS 63. Nesmith-56; Cal-68; S-M6; KM-9. 3.40 grams. While not rare, examples in this quality are. It has lots of luster under light toning and was struck on a broad flan with all legends and interiors sharp. Both assayer G and this assayer sometimes used a curved-top shield die in this denomination only. Tied with one other for finest known in NGC census. NGC #6448110-038. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer A to right, mintmark M to left (M-A), top of shield curved, NGC AU 55. Nesmith-56; Cal-68; S-M6; KM-9. 3.36 grams. Slightly off-center strike on a broad flan, choice toning, mostly visible details, curved-top shield design used by both assayers G and A (in this denomination only and not necessarily rare but interesting). NGC #6448110-037. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer A to right, mintmark M to left (M-A), NGC MS 61. Nesmith-56a; Cal-68; S-M6; KM-9. 3.43 grams. Light and even toning with full details, high grade despite the small planchet crack at 1 o'clock on the shield side, second highest grade in NGC census behind a pair of MS 63's. NGC #6448110-040. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer A to right, mintmark M to left (M-A), NGC AU 53. Nesmith-56a type; Cal-68; S-M6; KM-9. 3.17 grams. Richly toned, well-centered coin with full legends and interiors. NGC #6448110-039. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer A to right, mintmark oM to left (oM-A), rare, NGC MS 63, finest known in NGC census. Nesmith-64 type; Cal-68; S-M6; KM-9. 3.44 grams. A much rarer mintmark under this assayer, this example a combination of rarity and quality, with light luster, one spot of dark encrustation on pillars side, overall exceptional grade. NGC #6448110-043. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer R to right, mintmark M to left (M-R), NGC AU 55. Nesmith-68; Cal-70; S-M6; KM-9. 3.33 grams. Tied with next lot for finest known in NGC census, full legends and interiors, lightly toned, pillars side slightly off-center. NGC #6448110-041. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer R to right, mintmark M to left (M-R), NGC AU 55. Nesmith-68a; Cal-70; S-M7; KM-9. 3.41 grams. Tied with previous lot for finest known in NGC census, toned with light luster, deep strike on lettering, full details. NGC #6448147-001. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer R to left, mintmark M to right (R-M), NGC AU 58, finest known in NGC census. Nesmith-72; Cal-71; S-M7; KM-9. 3.43 grams. Boldly struck with light crust around details, virtually full legends and interiors. Curiously, all R-M 1R fall into one Nesmith type, leading to the conclusion that not very many were minted to begin with. NGC #6448147-002. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer S to right, mintmark M to left (M-S), very rare, NGC AU 58, finest known in NGC census. Nesmith-76; Cal-67; S-M8; KM-9. 3.38 grams. This is the only Nesmith variety known to exist in this denomination (probably meaning very few were minted), and while not extremely rare, it is hard to find in this condition, with frosty surfaces and low contrast toning, full legends and interiors. NGC #6448147-007. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to left, mintmark M to right (L-M), NGC AU 58. Nesmith-80; Cal-73; S-M9; KM-9. 3.41 grams. A very decent specimen, most of the details visible, frosty and lightly toned, small flan crack at 5 o'clock and slight doubling on shield side. NGC #6448147-014. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to left, mintmark M to right (L-M), NGC MS 61. Nesmith-80b; Cal-73; S-M9; KM-9. 3.40 grams. Right up there with the best in the NGC census of a whopping 31 graded specimens (the next two lots just ahead), this one frosty with lightly struck centers, some staining on shield side, a curious overstrike at the end of the pillars legend (M over annulet). NGC #6448147-015. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to left, mintmark M to right (L-M), NGC MS 63. Nesmith-80c; Cal-73; S-M9; KM-9. 3.42 grams. Tied with three others for finest known in the NGC census, a lovely specimen struck on a large planchet, with original luster, full legends and interiors, some small pitting on either side along with a small stain on waves, hairline crack at 2 o'clock on shield side. NGC #6448147-016. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to left, mintmark M to right (L-M), NGC MS 62. Nesmith-80c; Cal-73; S-M9; KM-9. 3.37 grams. Slightly off-center and slightly doubled pillars side, bold and beautiful legends and interiors, lots of luster, second highest grade in NGC census behind a quartet of MS 63's, including the previous lot. NGC #6448147-017. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left (M-L), NGC AU 58. Nesmith-84c; Cal-72; S-M9; KM-9. 3.38 grams. Lightly toned with luster and full details, small bits of carbon on shield side. NGC #6448147-018. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left (M-L), NGC AU 58. Nesmith-84c; Cal-72; S-M9; KM-9. 3.41 grams. Second highest grade in the NGC census behind a pair of MS 62's (one being lot 477 below), a high grade considering that Nesmith cataloged 136 of them and NGC shows 30, boldly struck and toned, with full legends and interiors. NGC #6448147-020. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left (M-L), NGC AU 55. Nesmith-84c; Cal-72; S-M9; KM-9. 3.34 grams. Good-looking example struck on a broad flan, satin-smooth surfaces, fine style with full details. NGC #6448147-019. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left (M-L), NGC MS 62. Nesmith-84e; Cal-72; S-M9; KM-9. 3.41 grams. Tied with one other for finest known in NGC census (the other being lot 497 below), struck on a slightly wavy flan, frosty surfaces and full details. NGC #6448147-021. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to right, mintmark oM to left (oM-L), NGC MS 62. Nesmith-88a; Cal-72; S-M9; KM-9. 3.40 grams. Tied with one other for second finest in the NGC census behind a pair of MS 63's, a very high grade for this assayer, with bold strike and virtually full details under a lightly toned exterior. NGC #6448147-022. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer O/L to right, mintmark oM to left (oM-O/L), NGC AU 58. Nesmith-108a; Cal-unl; S-M10; KM-unl (9 for type). 3.31 grams. Frosty fields with luster (areas of dark toning on pillars side), slight doubling, not listed by NGC as an overassayer but clearly O/L and hence a bit more rare. NGC #6448147-030. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC MS 64. Nesmith-108b; Cal-74; S-M10; KM-9. 3.42 grams. Tied with one other for finest known in NGC census (see next lot for the other one), this lustrous beauty shines among the many assayer O coins, most of which were rather crudely struck, this one lustrous with full legends. NGC #6448147-031. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC MS 64. Nesmith-108d; Cal-74; S-M10; KM-9. 3.41 grams. Struck on a broad flan, with full luster, and tied with previous lot for finest known in NGC census, curious spelling error of INDIARM, as though the die sinker ran out of room on the flan. NGC #6448147-032. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC MS 61. Nesmith-108d; Cal-74; S-M10; KM-9. 3.39 grams. Second finest in NGC census behind the previous two lots, a lustrous specimen with INDIARM spelling error, full legends and interiors. NGC #6448147-033. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer G to left, o to right, oMo below monogram, motto P-V-S, NGC XF 40. Nesmith-39 type; Cal-unl; S-M5; KM-6.5. 1.57 grams. Rare type with a trefoil at top of obverse instead of cross potent and P/V/S in banner (unknown to Nesmith), second finest in NGC census behind a single XF 45, full legends and interiors, lovely old toning. NGC #6448110-004. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer G to left, mintmark M to right of monogram (G-M), motto P-LV-S, king's name as CHAROLVS, NGC AU 58, finest and only example in NGC census, ex-Rumbel, Nesmith Plate Coin. Nesmith-43; Cal-47; S-M5; KM-6.5. 1.70 grams. High-grade beauty with lovely chocolate toning all over, large planchet with most of the legend visible, early coinage under this assayer using CHAROLVS for king's name. This coin is another of Hubbard's purchases from the Christensen sale of the O.K. Rumbel collection, the photo of which was also memorialized on Plate V of Nesmith's book. NGC #6448110-001. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and as a photo on Plate V of Robert Nesmith's The Coinage of the First Mint of the Americas at Mexico City, 1536-1572 (1955) and to the Henry Christensen Auction of October 1959 of the O.K. Rumbel collection, lot 555. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer G to right, mintmark oM to left of monogram (oM-G), motto P-LV-S, king's name as CHAROLVS, NGC XF 40, finest and only example in NGC census. Nesmith-51 type; Cal-46; S-M5; KM-6.5. 1.66 grams. Well-toned example with full legends and interiors popping out, small gouge at 7 o'clock in pillars legend, early coinage under this assayer using CHAROLVS for king's name. NGC #6448110-002. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer G to right, mintmark oMo below monogram, motto P-LV-S, NGC XF 45, finest known in NGC census. Nesmith-51a type; Cal-unl; S-M5; KM-6.5. 1.64 grams. Unlisted variety in Nesmith without an "o" before KI on the obverse, beautifully toned with a choice broad flan containing full legends. NGC #6448110-003. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer A to left, o to right, mintmark oMo below monogram, motto PL-V-S, NGC XF 40, finest and only example in NGC census. Nesmith-59b; Cal-49; S-M6; KM-49. 1.64 grams. From a 1962 hoard of coins from Guatemala, a lovely example struck on a broad flan, with nice toning and curious use of a trefoil at top of either legend, not mentioned by Nesmith but evident in his plate coin. While not exceedingly rare, hard to find in this condition. NGC #6448110-042. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer L to left, mintmark M in middle, o to right of monogram (L-M-o), motto P-LV-S, NGC XF 40. Nesmith-79; Cal-unl; S-M9; KM-unl (6.5 for type). 1.63 grams. Second finest in NGC census behind a single XF 45, this with beautiful toning, bold strike on a broad flan, full legends and interiors. NGC #6448147-010. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left, o in middle of monogram (M-o-L), motto P-LV-S, NGC XF 40, finest and only example in NGC census. Nesmith-83; Cal-50; S-M9; KM-6.5. 1.64 grams. While this is currently the finest and only example in the NGC census, we know of an MS 62 that appeared as lot 513 in Sedwick Auction 18 that probably was cracked out or crossed over to PCGS. Still, this example is choice with nice toning, struck on a broad flan with full details, hard to find in such nice condition. NGC #6448147-011. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer L to right, mintmark M below, o to left of monogram, motto P-LV-S, NGC XF 45, finest and only example in NGC census. Nesmith-87d type; Cal-52; S-M9; KM-unl (6.5 for type). 1.69 grams. Nicely toned example with full legends and interiors, choice and not often found in this condition. NGC #6448147-012. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer L to left, mintmark M below, o to right of monogram, motto P-LV-S, NGC XF 45, finest and only example in NGC census. Nesmith-91; Cal-52, S-M9; KM-unl (6.5 for type). 1.67 grams. Another lovely example from this assayer (and hard to find as such), beautiful toning, full legends and interiors struck on a broad flan. NGC #6448147-013. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer O, with mintmark oM to left, o in middle, o to right of monogram (oM-o-o), motto P-LV-S, NGC XF 40. Nesmith-107d; Cal-54; S-M10; KM-6.5. 1.64 grams. Particularly eye-appealing due to nice contrast, also struck on a very broad flan with full legends and interiors, rare in this condition, hence its stature as tied for finest known in NGC along with two others (one being the next lot). NGC #6448147-027. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer O, with mintmark oM to left, o in middle, o to right of monogram (oM-o-o), motto P-LV-S, NGC XF 40. Nesmith-107d; Cal-54; S-M10; KM-6.5. 1.64 grams. Sharing the podium with the previous lot and one other for finest at NGC, this example nicely toned, also well struck on a broad flan, fully visible details, rare in this condition. NGC #6448147-028. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label). Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer O, with mintmark oM to left, o in middle of monogram (oM-o), motto P-V-S with dots above, error with king's name as CAROLRVS (very rare), NGC VF 30. Nesmith-107g; Cal-unl; S-M10; KM-unl (6.5 for type). 1.53 grams. A lovely, well-toned example, struck on a broad flan with virtually full legends. Nesmith noted the unusual CAROLRVS spelling error in a few varieties (such as his photo of a 107f coin on Plate V). NGC #6448147-029. Pedigreed to the Clyde Hubbard Collection of Mexican Charles-Joanna Coinage (stated on label) and to the Ponterio & Wyatt Sale #7 of June 1982, with original lot-tag 935. Accompanied by original tag or holder from Clyde Hubbard.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Early Series," assayer P to right, mintmark M to left (oMo-oPo), NGC AU 58, finest known in NGC census. Nesmith 25 for type/25 for type; Cal-91; S-M4; KM-11. 6.85 grams. Nicely struck example with clear legends and interiors (especially on the shield side although slightly off-center), a later issue with HISPANIARVM in legend and use of mascles (open lozenges) as stops between words in legends. NGC #6068723-001.

Mexico City, Mexico, 2 reales, Charles-Joanna, "Late Series," assayer O to right, mintmark oM to left (oM-O), NGC MS 63, finest known in NGC census. Nesmith-109; Cal-103; S-M10; KM-12. 6.67 grams. The single finest known in the NGC census above 23 other entries, including Hubbard's lot 452 above, this example with lovely details where visible (off-center strike prevents full legends), eye-catching iridescent toning, especially on pillars side, flan crack at 9 o'clock on shield side. NGC #6444905-002.

Mexico City, Mexico, 1 real, Charles-Joanna, "Late Series," assayer L to right, mintmark M to left (M-L), NGC MS 62 ("top pop"). Nesmith 84a; Cal-72; S-M9; KM-9. 3.36 grams. Tied with Hubbard's lot 477 above for finest known in the NGC census, this one struck slightly off center but containing virtually full legends and interiors, a small stain at 10 o'clock on the pillars side, low luster and silvery appearance. NGC #6444732-005. Pedigreed to the Potomac collection.

Mexico City, Mexico, 1/2 real, Charles-Joanna, "Late Series," assayer O, mintmark oM to left, o in center and o to right of monogram (oM-o-o), error with motto as S-V-P, rare. Nesmith 107f type; Cal-53; S-M10; KM-6.5. 1.64 grams. Unlisted in Nesmith, this is the third example we know of with the motto as S/V/P, the other two in a private collection and at the Banco de Mexico. Well-toned VF with clear legends where visible, it is a good choice for those looking for error coinage.

Mexico City, Mexico, copper 4 maravedis, Charles-Joanna, "Late Series," no assayer (G), mintmark oMo below crowned I. Nesmith 2 type; Cal-25 type; KM-unl. 5.35 grams. Almost fully round with legends visible, lots of dark toning over a light strike and with typical surface oxidation (otherwise VF), small flan-crack at top of obverse, a decent specimen overall.

Mexico City, Mexico, cob 8 reales, Philip II, assayer O below mintmark oM to left. S-M11; KM-43; Cal-662. 27.36 grams. Choice full shield and cross (toned in crevices), clear oMO to left inside a full GRATIA, otherwise flat in peripheries and with light old scratches on reverse, AXF, desirable first "crown" of Mexico after the practically unobtainable Charles-Joanna Rincon 8R.

Mexico City, Mexico, cob 8 reales, Philip II, assayer F/O below mintmark oM to left, rare, NGC VF 30, finest and only example in NGC census. S-M12; KM-unl; Cal-663. 27.48 grams. Bold F/O (first we have seen) to left of full but partially flat shield, full denomination 8 to left inside a full king's name PHILIPPVS, good full cross-lions-castles, darkly toned and somewhat concave (as made) with peripheral flatness. NGC #6068766-005.

Mexico City, Mexico, cob 8 reales, Philip II, assayer F, error with king's name as PIIIIIPPVS and IIISPANIARVM on reverse, NGC XF 40. S-M12; KM-43; Cal-664. 27.20 grams. Bold full shield and cross, with full oMF to left and denomination 8 to right, parts of legend full and bold including both errors in which two I's were used as H's, no toning. (Note: NGC label does not mention the errors and misattributes to Philip III.) NGC #6068727-001.

Mexico City, Mexico, cob 8 reales, Philip II, assayer F. S-M12; KM-43; Cal-664. 27.52 grams. AU- with hints of luster, choice but slightly doubled full shield and cross, most of crown and legends visible (with fleur-de-lis stops), typically unevenly thick at edge (and some dark toning there).

Mexico City, Mexico, cob 8 reales, 1610/07 F, extremely rare, NGC AU details / cleaned. S-M17; KM-unl; Cal-unl. 27.20 grams. Lustrous fields (only the flat, high points cleaned), particularly around the bold date and oMF and denomination 8, full but somewhat flat shield and cross (also flat in peripheries), no toning. The very clear date on this coin provides an important insight in that the last digit is 0/7 (with flat top), not 0/9 (despite what the NGC label says), and therefore a new (unlisted) overdate, supported by a clean assayer F as opposed to F/A. This is the first clear example we have seen, although more careful examination of other coins cataloged as 1610/09 might reveal other 0/7's. NGC #6284506-003. Pedigreed to the Kempen Treasure hoard (stated on label).

Mexico City, Mexico, cob 8 reales, 1610 F, rare. S-M17; KM-44.3; Cal-893. 26.62 grams. Broad flan with lots of legend including full king's name and ordinal and bold 610 of date (the last digit actually clean but at first appearing to be 0/9 due to multiple strikes), also full and bold oMF (not F/A), well-detailed full shield and cross-lions-castles, toned XF+ with tiny drilled hole at top of cross.

Mexico City, Mexico, cob 8 reales, 1615/4 F, very rare, ex-Sao Jose (1622). S-M17; KM-unl; Cal-unl. 25.02 grams. Round flan with good full cross, most of shield with clear oMF to left inside most of 615 of date, the last digit characteristically as a backwards 2 with faint trace of smaller 4 underneath (in fact, by our records, all 1615s are 5/4), toned Fine with some flatness and areas of corrosion near edge. Formerly NGC #1973908-022. From the Sao Jose (1622), pedigreed to Sedwick Auction 16 (lot 277).

Mexico City, Mexico, cob 8 reales, 1631/0/29 D, exaggerated fleurs at ends of cross, extremely rare. S-M18a; KM-unl; Cal-unl. 27.37 grams. Dark Fine with nearly full shield and cross but peripherally flat, full oMD, right half of 6 and part of 3/2 of date, the last digit 1/0/9 very weak but inferred from the distinctively exaggerated fleurs at the ends of the cross that are apparently an aspect of the date 1631 only (also there are known examples of non-overdate 1630 with normal crosses).

Mexico City, Mexico, cob 8 reales, 1654 P. S-M19; KM-45; Cal-1358. 27.10 grams. Bold full cross, well-detailed full shield, 100% full date and oMP, lightly toned AXF with piece of edge bent and straightened to long ago (stable, but with obvious stress-marks). Pedigreed to the Cayon auction of November 2014 (lot 102).

Mexico City, Mexico, cob 8 reales, 1665/4 P, extremely rare. S-M19; KM-unl; Cal-1373. 27.46 grams. VF with choice full cross, very bold full oMP to left of mostly flat shield, clear date in legend with faint crossbar of 4 within the final digit 5 (first and only example we have seen of this overdate), toned in crevices.

Mexico City, Mexico, cob 8 reales, Philip IV, assayer P. S-M19; KM-unl. 26.71 grams. Superb full cross-lions-castles and shield, both very well detailed and perfectly centered, with bold full oMP and denomination 8, lightly toned AU- details with trace of surface pitting, tiny edge-split.

Mexico City, Mexico, cob 8 reales, Charles II, assayer not visible. KM-46. 26.20 grams. Very odd "M"-shaped flan with good full cross, most of off-center shield with clear denomination 8 inside king's name to right, VG with contrasting toning in crevices.

Mexico City, Mexico, cob 8 reales, Charles II, assayer not visible. KM-46. 26.15 grams. Big flan with long and narrow natural bubble-hole at bottom of full shield (also odd chevron of extra metal on surface) and shallow lacuna at top, bold full cross, Fine with flat peripheries, toned in crevices.

Mexico City, Mexico, cob 8 reales, 1702 (L), Philip V, rare. S-M21a; KM-47; Cal-1387. 25.32 grams. Thick flan with mostly weak strike and much peripheral flatness (most of cross, small part of shield) but remarkably clear 02 of date, technically no worse than Fine for actual wear and particularly rare as non-salvage and desirable as the first date of Charles II.

Mexico City, Mexico, cob 8 reales, 1706/5 (J), very rare. S-M22; KM-unl; Cal-unl. 26.71 grams. Interesting shape and technically high grade (non-toned AU) but typically weakly struck, with most of shield and cross, bold full 6 of date with evidence of 6/5 (possibly unique, first we have seen).

Mexico City, Mexico, cob 8 reales, 1714 J, new-style obverse. S-M22; KM-47; Cal-1401. 26.57 grams. Lustrous, non-toned AU with much weak strike and flatness but bold full 714 of date, half of shield and cross, looks non-salvage but with area of surface corrosion near edge on reverse.

Mexico City, Mexico, cob 8 reales, 1725/4 D, (Louis I), very rare. S-M23; KM-unl; Cal-42. 26.80 grams. Full but weakly struck cross and shield with clear oMD and nearly full date with weak final digit bearing a mid-horizontal component indicative of 5/4 (only the second example we have seen), Fine details due to flatness but with one small spot of corrosion (probably salvaged from the Rooswijk of 1739), nicely toned, no part of king's name or ordinal visible but attributed to Louis I by date.

Mexico City, Mexico, cob 8 reales, 1730 R. S-M24; KM-47a; Cal-1416. 26.72 grams. Choice full cross-lions-castles, most of crown and shield with bold full date and mintmark (assayer R clear as well), VF details with black encrustation in crevices (salvaged), lots of scratches on high points.

Mexico City, Mexico, cob 8 reales, 1732/1 F. S-M26; KM-47a; Cal-1426. 26.42 grams. Very bold full date with clear overdate, full oMF, nearly full shield and cross, non-toned VF with some old scratches and scrapes.

Mexico City, Mexico, cob 8 reales, 1732 F. S-M26; KM-47a; Cal-1427. 25.57 grams. Salvaged VF (lightly corroded) with bold full oMF and full date, good full cross, most of shield, some light toning.

Mexico City, Mexico, cob 8 reales, Philip V, assayer not visible. KM-47a. 25.85 grams. Crazy shape (indescribable, slightly concave), with excellent full cross, most of shield, clear mintmark and trace of king's ordinal V, peripherally-flat Fine with contrasting toning.

Mexico City, Mexico, cob 4 reales, Philip II, assayer O below mintmark oM to right, NGC VF 35. S-M11; KM-36; Cal-506. 13.51 grams. Good full cross, nearly full shield and crown, full denomination o-iiii to left, much legend, traces of luster and toning, somewhat double-struck all over. NGC #2845147-017.

Mexico City, Mexico, cob 4 reales, Philip II, assayer O below mintmark oM to left. S-M11; KM-36; Cal-505. 13.27 grams. Broad-flan AU- with very choice full cross-lions-castles and well-detailed shield, nearly full legends and crown, edge-split, nicely toned but with a couple spots of encrustation and oxidation near edge.

Mexico City, Mexico, cob 4 reales, Philip II, assayer O below mintmark oM to left. S-M11; KM-36; Cal-505. 13.62 grams. Toned AU- with choice (well-detailed) full cross-lions-castles and shield, nearly full crown, much bold legend, some scuffing in peripheries hiding a neatly plugged hole.

Mexico City, Mexico, cob 4 reales, 1607 F, date over GRATIA, very rare. S-M15; KM-37.2; Cal-748. 12.62 grams. Full date with fairly clear GRATIA underneath, also full oMF, denomination 4, crown and shield and cross, some bold legend (including INDIARVN with N), deeply toned VF with very long flan-crack, light surface oxidation.

Mexico City, Mexico, cob 4 reales, 1622 D. S-M18a; KM-38; Cal-1054. 13.37 grams. Lustrous, non-toned AU with choice full shield and cross (much better detailed than usual for this period), bold full oMD, clear bottoms of 22 of date, hairline edge-split (curved).

Mexico City, Mexico, cob 4 reales, 1624/3 D. S-M18a; KM-unl; Cal-unl. 13.03 grams. Round-flan AVF with deep rich toning, choice full cross, most of shield, bold full oMD, but best feature is the bold and full date with clear overdate, best example we have seen.

Mexico City, Mexico, cob 4 reales, 1731/0 F. S-M26; KM-40a; Cal-1093. 13.045 grams. Full date with very bold overdate (scarce), full oMF, nearly full cross, toned XF with patch of dark "horn" silver (probably salvaged).

Mexico City, Mexico, cob 1 real, Philip III, assayer F-oD, I-F to left, oMoD to right, rare. S-M14a; KM-unl; Cal-unl. 3.52 grams. Choice example with full and clear I-F to left and oM-oD to right, nice full shield and cross, XF with toned fields, some old scratches.

Mexico City, Mexico, cob 1 real, Philip III, assayer F, NGC AU 58, finest known in NGC census. S-M15; KM-27.2. 3.45 grams. Bold full oMF, good full shield and cross, peripheries mostly flat but with part of date visible, lightly toned, technically finest in the NGC census for the type without visible date. NGC #6444905-001.

Mexico City, Mexico, cob 1 real, 1610/09 F/A, rare, NGC F 15, finest and only example in NGC census. S-M17; KM-unl; Cal-unl. 3.42 grams. Very bold full 161/0 of date (last digit weak) and oMF/A and denomination I, full but partially flat shield and cross, nearly full crown, nicely toned. NGC #3153316-004.

Mexico City, Mexico, cob 1/2 real, Philip III, assayers F at top left and oD at bottom, mintmark oM at top right, rare, NGC F 15, finest and only example in NGC census. S-M14a; KM-20; Cal-unl. 1.42 grams. Full monogram with very bold full F at upper left and oD at bottom middle, the oM at upper right clear but weaker, also with good full cross and nicely toned all over, oddly misattributed to 1618-20 by NGC (actually struck ca. 1600). NGC #3153316-003.

Mexico City, Mexico, cob 1/2 real, 1610/09 F/A, rare. S-M17; KM-unl; Cal-unl. 1.66 grams. Choice full cross-lions-castles and monogram with x-fleur-x below, the oM to left equally bold and the F/A to right full but cruder, with bottom tips of digits of date visible, deeply toned XF+ with sediment in crevices.

Mexico City, Mexico, cob 1/2 real, Louis I (1724-5), assayer D, rare, NGC VF 20. S-M23; KM-25. 1.79 grams. Bold full monogram and nearly full crown nicely aligned with a point at the bottom of the flan, some of oMD to left and denomination 1/2 to right visible, full but off-center cross, deeply toned, tied with one other for finest in NGC census. NGC #2842777-003.

Mexico City, Mexico, cob 1/2 real, 1733 F, rare. S-M26; KM-24a; Cal-244. 1.63 grams. Off-center shield with full and bold date and mintmark, nearly full (well-centered) cross, deeply toned VF. Note: At first the date appears to be 1733/2, but closer examination reveals the bottom of the second 3 is simply punched over part of the crown. It is desirable as the final date of Mexican cobs in any case.

Mexico City, Mexico, klippe 8 reales on a round and Royal-like planchet, 1733 MF, extremely rare, NGC XF details. S-M28; KM-48; Cal-1431. 26.69 grams. The Mexican klippe coinage of 1733 is part of a unique occurrence in Spanish colonial numismatics in which three distinctly different types of coins were issued in the same year. With a design of shield on obverse and cross on reverse, it would be easy to think of these coins as simply an improvement of the previous cob design, or as a transition from cobs to machine-made “pillar dollar” coinage decreed by the king in 1728, but both of those ideas are not quite accurate. While we don’t know for certain why klippes were made, nor why they were made in only the 8 reales and 4 reales denominations, we do know that they began AFTER the pillar dollars started in 1732, and we suspect their purpose came from the documented loss of new minting equipment from Spain off the Cayman Islands (according to a 1987 presentation by C. Hubbard), perhaps a sort of "emergency money." Their manufacture appears to be a hybrid, demonstrably machine-struck, usually in medallic alignment, on hand-cut (“klippe”) planchets using special, new, locally made dies with finer and fancier details, similar to “Royals” (galanos) from previous years. It is worth noting that some examples were struck from these dies (still by press equipment) on traditional “cob” flans (thicker and less even than “klippe” flans), and recently we have learned that at least two or three examples in private hands are known on round "Royal" flans, the present coin being an example. One of these round Royal specimens is known to have a tulip edge (“cordoncillo”) like on the pillar dollars, the extra finish considered enough to call it a veritable "galano," even though the dies are the same. Because these round coins are so rare, it is logical to assume they were specially commissioned for a premium, like the Royals during the cob years. Besides these 1733 klippe examples, the final year for Mexican Royals (galanos) was 1730, a superb specimen of which we had the pleasure of selling in six figures two auctions ago. The special presentation 1733 klippe on a round "Royal" planchet we are offering here has virtually full details, deeply and clearly struck commensurate with machine striking, with rich old toning all over and no problems except for a small and forgivable punchmark at the bottom of the shield, also with traces of die-clashing as usual for the klippe type, all on an impressively large planchet, certainly among the most attractive Mexican shield-type coins in existence. A very important piece to be sure, the first of its kind we have offered, and a great fit for any advanced Mexican or Spanish Colonial trophy collection. NGC #6440071-001. Pedigreed to the Ricardo de Leon Tallavas collection and plated on page 46 of his book Historia, Plata y Dinero: Compromiso Tenaz de Hidalgo (2021).

Madura Island (Sumenep), Indonesia, 1 real batu (ca. 1814), "Sumenep" in Malay Arabic incuse countermark, plus two large chopmarks and an incuse cross-and-four dots countermark (Malacca / Malaysia / southeast Asia?), all on cross side of a Mexico City, Mexico, cob 8 reales, 1714 J, very rare, NGC VF details / graffiti, c/s XF strong. Host: S-M22; KM-47; Cal-1401. 26.13 grams. This fascinating coin wears its travels on its face, with four full and clear marks on the cross side, including the well-known incuse for Sumenep and the lesser-known incuse believed to be for Malacca, but also a tulip-like chopmark and another chop that is in fact a very clear lion facing right (!), also some associated script graffiti on the other side, but the host itself also important as showing a full 171 of the date (the last digit not really visible at all, despite what the tag says) and oMJ, much flatness but nicely toned. NGC #5745601-002.

Madura Island (Sumenep), Indonesia, 1 real batu (ca. 1814), two (different-size) five-petal flower countermarks on reverse of a Mexico City, Mexico, cob 8 reales, Philip V, assayer not visible. Host: KM-47. 24.51 grams. Two nearly full flower countermarks (one larger than the other) flanking a nearly full cross, good upper half of shield, toned AVF with peripheral flatness, light old scratches.

Malacca(?) (Malaysia / southeast Asia), Malay(?)-script graffiti on a Mexico City, Mexico, cob 8 reales, Philip V, assayer J. Host: S-M22; KM-47. 26.72 grams. VG with dramatically large, natural bubble-hole in center, clear oMJ, lots of old scratches over meaningful graffiti above shield.

Malacca(?) (Malaysia / southeast Asia), incuse cross-and-four dots countermark on reverse of a Mexico City, Mexico, cob 8 reales, Philip V, assayer not visible. Host: KM-47. 26.41 grams. Smaller flan with large, natural bubble-hole to left of bold full cross, the very bold full countermark placed at bottom of cross, some shield on other side but with much peripheral flatness, VG+ with toning in crevices, some old scratches.

Lima, Peru, 4 reales, Philip II, assayer small R (Rincon) to left, motto PL-VSVL-TR, legends HISP / NIARVM, ex-Stallard. S-L1; KM-10.1; Cal-495. 12.51 grams. Choice bold strike on broad flan with lovely central details and nearly full legends, toned AU with very slightly porous surfaces, hairline edge-split, still exceptional quality overall. Pedigreed to the Barry Stallard collection and to the Heritage auction of January 2008 (lot #51937).

Lima, Peru, 4 reales, Philip II, assayer small R (Rincon) to left, motto PL-VSV-LT, legends HISPA / NIARVM. S-L1; KM-10.1; Cal-495. 12.06 grams. Broad-flan AU with some surface corrosion (especially near edge), nearly full legends and inner details despite minor flatness, traces of toning in crevices.

Lima, Peru, 2 reales, Philip II, assayer R (large) to left, motto PL-VSV-TR above denomination, legends HISPAN / NIARVM. S-L1; KM-8; Cal-333. 6.47 grams. Broad flan but off-center strike, with choice full inner details and nearly full legends and crown, XF with toning in crevices (crusty and darker in some spots).

Lima, Peru, 1 real, Philip II, assayer R (Rincon) to left, motto PL-VS-V above denomination, legends HISPANIA / NIARVM. S-L1; KM-6; Cal-209. 3.31 grams. Very broad flan that extends past the full legends, good full inner details (pillars side doubled), toned AU.

Lima, Peru, 1 real, Philip II, assayer R (Rincon) to left, motto PL-VS-V above denomination, legends HISPANIA / NIARVM. S-L1; KM-6; Cal-209. 3.04 grams. Lightly toned, broad-flan AU with some details particularly crisp but all a bit low in contrast and with minor porosity here and there, full legends and inner data.

Lima, Peru, 1/2 real, Philip II, assayer R (Rincon) to left, legends HISPANI / IARVM. S-L1; KM-3; Cal-115. 1.78 grams. Very broad, thin, round flan with choice and 100% full details, slightly porous AU- with edge-split, no toning.

Lima, Peru, 1/2 real, Philip II, assayer R (Rincon) to left, legends HISPAN / IARVM. S-L1; KM-3; Cal-115. 1.47 grams. Non-toned AU- with lightly porous surfaces, full inner details and nearly full legends.

Lima, Peru, 1/4 real, Philip II, assayer R (Rincon) to left, legends HI / SPANIARVM. S-L1; KM-1; Cal-94. 0.90 gram. Very choice specimen on a particularly broad and intact flan that extends past the die elements (most are salvaged, which this is not) showing full legends and inner details, lightly toned XF+, among the finest known of this scarce denomination.

Lima, Peru, cob 4 reales, Philip II, assayer X below mintmark P to right, HISPANIARVM with H, very rare. S-L3; KM-11; Cal-497. 13.52 grams. Exceptionally broad flan with 100% full and sharp details including the all-important P-X to right, faintly toned in crevices, a few minor edge-splits but overall a contender for finest known, certainly the best we have seen, no worse than AU for grade. An interesting side note is that the obverse die for this coin is the same one used for the known oD/X examples (which are actually more common), showing HISPANIARVM with H, as opposed to other known assayer X pieces without the H.

Lima, Peru, cob 4 reales, Philip II, assayer X below mintmark P to right, HISPANIARVM with H, very rare. S-L3; KM-11; Cal-497. 11.74 grams. Smaller flan, still with nearly full legends and crown and intricately detailed full shield and cross-lions-castles, fairly clear P-X, nicely toned, XF details with surface porosity and three unexplained punchmarks.

Lima, Peru, cob 4 reales, Philip II, assayer Diego de la Torre, *-oiiii to left, P-oD to right, ISPANIARVM without H, ex-Stallard. S-L4; KM-11; Cal-498. 13.18 grams. Very bold detail including shield and cross (very slightly doubled) and most of legend, with darkly contrasting toning, VF with old diagonal scratch on bottom half of cross. Pedigreed to the Barry Stallard collection and to Sedwick Auction 13, with original lot-tag 1068.

Lima, Peru, cob 4 reales, Philip II, assayer Diego de la Torre, P-4 to left, *-oD to right, HISPANIARVM with H, ex-Stallard. S-L4; KM-11; Cal-501. 13.54 grams. Low-contrast XF with good full inner details and full legends and crown, hints of luster and toning. Pedigreed to the Barry Stallard collection.

Lima, Peru, cob 2 reales, Philip II, assayer X below mintmark P to right, HISPANIARVM with H, very rare, ex-Stallard. S-L3; KM-9; Cal-336. 5.42 grams. UNC details with porous surfaces, choice full inner details and nearly full legends and (flattish) crown, clear P-X, nicely toned. Same obverse die as some known oD/X examples, which are actually more common. Pedigreed to the Barry Stallard collection.

Lima, Peru, cob 2 reales, Philip II, assayer Diego de la Torre, *-ii to left, P-oD to right, HISPANIARVM with H, ex-Stallard. S-L4; KM-9; Cal-338. 6.60 grams. AXF with choice full cross, full and well-detailed shield, bold *-ii and P-oD, much crown but not much legend, lightly toned. Pedigreed to the Barry Stallard collection and to Sedwick Auction 13, with original lot-tag 1071.

Lima, Peru, cob 2 reales, Philip II, assayer Diego de la Torre, *-ii to left, P-oD to right, HISPANIARVM with H, ex-Stallard. S-L4; KM-9; Cal-338. 6.62 grams. Lightly porous AU- with toned fields, well-detailed full shield and cross-lions-castles, full crown and bottom half (or more) of all letters in legend. Pedigreed to the Barry Stallard collection and to Sedwick Auction 23, with original lot-tag 800.

Lima, Peru, cob 2 reales, Philip II, assayer Diego de la Torre, P-ii to left, oD-* to right, HISPANIARVM with H, ex-Stallard. S-L4; KM-9; Cal-341. 6.51 grams. Broad flan with full crown and legends, full but slightly doubled inner details, lightly toned AXF with some old scratches here and there. Pedigreed to the Barry Stallard collection and to Sedwick Auction 13, with original lot-tag 1072.

Lima, Peru, cob 1/4 real, Philip II, assayer Diego de la Torre, P to left, * to right of castle. S-L4; KM-2; Cal-101. 0.74 grams. Bold full lion, full but slightly doubled castle with clear mintmarks (P to left, * to right), no assayer-mark, all struck off-center enough to allow for much more bold legend than usual, including a clear RE (no X) at end, lightly toned XF with surface porosity.

Lima, Peru, cob 8 reales, 1684 V. S-L6; KM-24; Cal-589. 27.29 grams. Unusually round flan with choice full cross and pillars with particularly sharp full waves, deeply toned VF with hints of surface porosity and some old marks, two dates (including an extraneous 4 at 5 o'clock on the cross side due to peripheral doubling) and mintmarks and assayers, flat near edge on both sides.

Lima, Peru, cob 8 reales, 1694 M. S-L11; KM-24; Cal-599. 27.21 grams. Weakly struck and low-contrast AU with choice full waves (also full pillars), good full cross-lions-castles, parts of all three dates and mintmarks and assayers including full 1694 in legend.

Lima, Peru, cob 8 reales, 1699 R. S-L14; KM-24; Cal-606. 27.12 grams. Lightly struck AU with luster on fields, technically full pillars-and-waves and cross-lions-castles but with some flat spots, tiny edge-split, no toning.

Lima, Peru, cob 8 reales, 1700 H. S-L15; KM-24; Cal-607. 25.82 grams. Solid XF with traces of surface oxidation (dark spots), bold but off-center cross, nearly full pillars-and-waves, very clear date and assayer.

Lima, Peru, cob 8 reales, 1740/39 V. S-L22; KM-34a; Cal-1316. 25.90 grams. Small thick flan with bold centers (nearly full pillars and cross) including two dates (both with traces of overdate), VF with some surface oxidation and related toning.

Potosi, Bolivia, cob 8 reales, Philip II, assayer B (3rd period). S-P10; KM-5.1; Cal-672. 26.89 grams. Well-detailed full shield and cross-and-tressure, some bold legend, AU with light surface porosity, toned in crevices.

Potosi, Bolivia, cob 8 reales, Philip II, assayer A, denomination as oVIIII ("9 reales"), rare. S-P11; KM-5.1; Cal-unl. 26.98 grams. Naturally toned XF with bold P-A and denomination o-VIIII , choice full shield and cross-lions-castles, parts of legends, tiny edge-split.

Potosi, Bolivia, cob 8 reales, Philip II, assayer A, denomination as oVIIII ("9 reales"), rare. S-P11; KM-5.1; Cal-unl. 27.10 grams. Broad flan XF+ (slightly concave) with old rich toning, much legend, well-detailed full shield and cross-and-tressure, minor doubling but with denomination error still apparent.

Potosi, Bolivia, cob 8 reales, Philip III, assayer Q. S-P17; KM-10; Cal-916. 26.92 grams. Richly old-toned VF+ with choice full shield and cross, full assayer Q, nearly full crown.

Potosi, Bolivia, cob 8 reales, Philip III, assayer M. S-P18; KM-10; Cal-919. 27.13 grams. AVF with choice details set off by toned fields, bold assayer and denomination, parts of legend featuring Y's for I's.

Potosi, Bolivia, cob 8 reales, 1618 T, upper half of shield transposed. S-P21; KM-10; Cal-925. 27.14 grams. Very choice full shield and cross-lions-castles, bold 8 of date, full P-T and denomination, VF with nicely toned fields, scarce as non-salvage.

Potosi, Bolivia, cob 8 reales, 1620 T, date at 4-5 o'clock (very rare). S-P21; KM-unl; Cal-unl. 27.10 grams. Very bold and choice shield and cross-lions-castles, prominent denomination and clear mintmark-assayer, clear bottom half of all four digits of date in 180-degree rotated legend (first we have seen), XF, scarce as non-salvage.

Potosi, Bolivia, cob 8 reales, Philip III, assayer T (ca. 1620), NGC XF details / cleaned. S-P21; KM-10. 26.77 grams. Relatively broad flan with bold full shield and cross despite minor doubling, clear king's ordinal III, full P+T, clear 16 of date, toned fields. NGC #6444960-001.

Potosi, Bolivia, cob 8 reales, Philip IV, assayer P (ca. 1622), quadrants of cross transposed, rotated reverse legend, NGC AU 50 ("top pop"). S-P22; KM-19. 27.19 grams. Choice strike with well-detailed full shield and cross-lions-castles (peripheries doubled), much legend including partial date 162_ at 7-8 o'clock (rotated legend), full P+P, toned fields, technically finest in NGC census for this assayer without date. NGC #6444960-002.

Potosi, Bolivia, cob 8 reales, Philip IV, assayer T (early 1620s). S-P22a; KM-19. 26.53 grams. Full but partially flat shield and cross, the latter partially doubled and with large (early) castles but full P-dot-T (dot instead of x or +) indicates post-Philip III, also bold 162 of date in legend, VF with contrasting sediment on fields.

Potosi, Bolivia, cob 8 reales, Philip IV, assayer T (mid-1620s), quadrants of cross transposed, NGC MS 61 ("top pop"). S-P24; KM-19a. 26.02 grams. Sharply detailed full shield and cross, the latter with flat "greyhound" lions, clear P-dot-T, parts of edge crude (as made), technically finest known in NGC census for this assayer without date. NGC #6444960-003.

Potosi, Bolivia, cob 8 reales, 1628 T. S-P24; KM-19a; Cal-1451. 26.22 grams. Good full cross and shield (both slightly off-center) on a small thick flan with full dot-P-dot-T-dot and very bottoms of digits 28 of date, flat "greyhound" lions that ended in this year, VF with toning in crevices.

Potosi, Bolivia, cob 8 reales, 1628 T, NGC AU 55, finest known in NGC census. S-P24; KM-19a; Cal-1451. 26.44 grams. Small thick flan with minimal legends except for bold king's ordinal IIII, good full cross and shield, clear P-dot-T, 8 of date outside very slightly doubled cross with "hunched over" lions that began in this year. NGC #6444960-005.

Potosi, Bolivia, cob 8 reales, 1628 (T). S-P24; KM-19a; Cal-1451. 26.53 grams. Broad-flan VF+ with good full shield and cross despite flat spots, clear bottom half of 8 of date with "hunched over" lions that began in this year, toned in crevices.

Potosi, Bolivia, cob 8 reales, 1629 T, denomination not visible, heavy-dot borders, NGC MS 62, finest known in NGC census. S-P26; KM-19a; Cal-1454. 26.84 grams. Lustrous fields and high points sharp per the stated grade, with bold 162 and trace of 9 of date in doubled legend, choice full shield and cross. NGC #6444960-008.

Potosi, Bolivia, cob 8 reales, 1629 T, denomination 8, heavy-dot borders, NGC MS 61. S-P26; KM-19a; Cal-1454. 26.40 grams. Odd-shaped flan with sharp (high-grade) details in full cross and shield, traces of luster, full 9 of date and clear P-dot-T and denomination, tied with two others for second finest in NGC census behind a single MS 62 (previous lot). NGC #6444960-007.

Potosi, Bolivia, cob 8 reales, 1630 T. S-P26; KM-19a; Cal-1455. 27.16 grams. Well-detailed full shield and cross, clear 30 of date, full dot-P-dot-T-dot, lightly toned AXF with parts of edge crude (as made).

Potosi, Bolivia, cob 8 reales, 1651 O, with crowned-dot-T-dot countermark on shield, ex-Kosoff, ex-Stallard. S-P35; KM-19b; Cal-1489. 25.34 grams. Richly olive-toned VF (rare as non-salvage) with choice full date outside of full cross-and-tressure, bold full countermark (scarce, Mastalir subtype Ta with high dots) near center of full shield with full P-O to left and 8-O to right, interesting old pedigree. Pedigreed to the Barry Stallard collection, purchased from A. Kosoff in the 1940s (New York), with original tag.

Potosi, Bolivia, cob 4 reales, Philip II, assayer R (Rincon) to left, ex-Stallard. S-P1; KM-4.2; Cal-518. 13.60 grams. Broad flan with full crown and legends including clear ISPANIARVM without H, full shield and cross (just a couple weak spots), bold P-R, toned AXF with hints of luster, desirable first issue of this mint. Pedigreed to the Barry Stallard collection.

Potosi, Bolivia, cob 4 reales, Philip II, assayer B (1st period), HISPANIARVM with H, ex-Stallard. S-P4; KM-4.2; Cal-525. 13.75 grams. Boldly detailed AU- with nearly full legends and crown, choice full shield and cross, bold assayer, some toning in crevices. Pedigreed to the Barry Stallard collection.

Potosi, Bolivia, cob 4 reales, Philip II, assayer B (1st period), ISPANIARVM without H. S-P4; KM-4.2; Cal-525. 13.12 grams. Broad-flan AVF with much legend including clear ISPANIARVM, all inner details full but with some flat spots, full P-B.

Potosi, Bolivia, cob 4 reales, 1628 assayer T/P, quadrants of cross transposed, very rare, NGC AU 53, finest and only example in NGC census. S-P24; KM-unl; Cal-unl. 13.36 grams. Choice full shield and cross, the latter off-center enough to enable a bold full 28 of date (confirmed by "hunched over" lions in incorrect quadrants of cross, very unusual this late), full dot-P-dot-T/P (decidedly NOT P/T, first we have seen), nicely toned. NGC #6444960-011.

Potosi, Bolivia, cob 4 reales, 1641 (FR), extremely rare. S-P28; KM-17a; Cal-unl. 13.04 grams. Chaotically double-struck Fine with bold full 164 of date and bottom of 1 of final digit (not 100% certain), assayer not visible but only FR is known for this date, toned all over, very crude but rather important as a dated coin from this period.

Potosi, Bolivia, cob 2 reales, Philip II, assayer M/R to left, very rare, ex-Ugaz. S-P2; KM-3.2; Cal-unl. 6.21 grams. Choice full details (including most of legends and crown) despite obvious wear (Fine with contrasting toning), the P-M/R to left and denomination ii to right very bold and clear, a prime example of Stallard obverse Die A that was made for assayer R but apparently never used until assayer M. Pedigreed to the Jorge Ugaz collection.

Potosi, Bolivia, cob 2 reales, Philip II, assayer M to right, very rare, ex-Ugaz. S-P2; KM-3.2; Cal-unl. 6.39 grams. Porous VF with no toning except for traces in crevices, choice full cross (slightly doubled) and shield with full P-M to right. Pedigreed to the Jorge Ugaz collection.

Potosi, Bolivia, cob 2 reales, Philip II, assayer RL, NGC AU 58 ("top pop"). S-P13; KM-3.2; Cal-unl. 6.74 grams. Lustrous and well detailed, with nice full shield, full but off-center cross, much luster but some doubling, clear P-RL to left, technically finest in NGC census despite the misattribution (no entries for this assayer under Philip II). NGC #6281258-006 (attributed to Philip III in error).

Potosi, Bolivia, cob 2 reales, Philip III, assayer curved-leg RL, NGC AU 55. S-P15; KM-8; Cal-unl. 6.69 grams. Choice details and luster per the grade (shield and cross both full), with 100% full P-RL showing curved leg typical of Philip III, this coin technically being finest graded by NGC in light of the mis-attribution of the previous lot. NGC #6281258-004.

Potosi, Bolivia, cob 2 reales, 1651 E, rare, ex-Mastalir (Plate Coin). S-P36; KM-14b; Cal-913. 5.66 grams. Broad flan with good full cross (particularly sharp castles) and upper half of shield with choice full crown, all a bit off-center, also with bold full final 1 of date and clear P-E to left, lightly toned XF with edge-split. Note the Mastalir reference for this coin (IIIAx-c) shows the wrong lot number from our Auction 11. Pedigreed to the Robert Mastalir collection, plated on page 256 of his 2021 book The Great Transition at the Potosi Mint 1649-1652 / The 1649-1652 Crowned Shield Coinage and the Countermarks of 1652 / Part A: The 1649-1652 Crowned Shield Coinage, and pedigreed to our Auction 11 (lot 761).

Potosi, Bolivia, cob 1/2 real, Philip III, assayer PAL to left of monogram, very rare, ex-Ugaz. S-P20; KM-unl; Cal-414. 1.95 grams. Bold full cross (toned in crevices) and monogram with clear assayer to left (first we have seen with large PAL monogram), part of legend at bottom showing rotated letter H after DG, nice VF. Pedigreed to the Jorge Ugaz collection.

Potosi, Bolivia, cob 1/4 real, Philip II, assayer L to right, mintmark P to left, very rare. S-P3; KM-unl; Cal-109. 0.87 grams. Very broad flan with full legends showing all five commas as stops between words and evident ISPAN without H, also full crowns and bold full inner details, lightly toned AXF, arguably the finest of six known of this very rare assayer Alonso Lopez Barriales (missing in Sellschopp), who in 1577 had been removed from office and fined under charges of fraud, the prosecutor actually asking for death penalty and confiscation of his entire estate.

Potosi, Bolivia, cob 1/4 real, Philip II, assayer B to left, no mintmark, very rare, ex-Ugaz. S-P10; KM-unl; Cal-unl. 0.72 gram. Broad flan with nearly full legends and crowns, full castle and lion, full and clear assayer to left (broken punch that resembles an R, probably from B's 3rd period) and no mintmark (first we have seen), Fine+ with dark areas from oxidation. Pedigreed to the Jorge Ugaz collection.

Potosi, Bolivia, cob 1/4 real, Philip II, assayer B to left, mintmark P to right, borders of x's, rare, ex-Ugaz. S-P14; KM-unl; Cal-unl. 0.77 gram. Salvaged VF with darkly toned fields, bold full castle and lion, both with full crowns above, full B to left and P to right (5th period of assayer B), clear borders of x's (only the third we have seen). Pedigreed to the Jorge Ugaz collection.

Potosi, Bolivia, cob 1/4 real, Philip III, no assayer, shield around castle, large lion without shield, very rare. KM-unl; Cal-unl. 0.79 gram. Darkly toned AVF with hole near edge (but not salvaged like most), full (large) lion without shield and nearly full (off-center) castle in shield with nearly full crown above, the latter linked to Philip III by style, hence very late for 1/4R since some records indicate that 1/4R ceased after Philip II.

Potosi, Bolivia, cob 1/4 real, Philip III, no assayer, shield around castle, small lion without shield, rare, ex-Ugaz. KM-unl; Cal-unl. 0.78 gram. Small thick flan with bold full castle (in shield) and small lion (no shield), toned VF with light old scratches, most of PHILIPPVS visible in legend. Pedigreed to the Jorge Ugaz collection.

Potosi, Bolivia, cob 1/4 real, Philip III, no assayer, shield around castle without crown, small lion without shield, rare, ex-Ugaz. KM-unl; Cal-unl. 0.52 gram. Toned, salvaged Fine with bold full castle in shield with border of dots above (no crown), full small lion within nearly full border of dots (no shield), full and inexplicable "E R 8 1" in reverse legend, mysterious and fascinating! Pedigreed to the Jorge Ugaz collection.

Potosi, Bolivia, cob 1/4 real, Philip IV, no assayer, shield around checkerboard-style castle, small lion without shield, very rare, ex-Ugaz. KM-unl; Cal-unl. 0.55 gram. Full castle in a style not seen on larger coins until the 1630s and 1640s, full small lion in full border of dots, salvaged VF with toned fields. This type was unknown until 2015 when this specimen was sold by us as "possibly unique," just one other surfacing since then, both coins selling in four figures. Documentary proof that these coins were made under Philip IV can be found in a Kurt Dym article from December 1997 (Gaceta Numismatica 127) citing a 1644 edict from the treasurer (mistyped in the article as 1664) saying that "se labre moneda menuda de Reales de a quatro, sencillos, de a dos, medios Reales y cuartillos" ("small coins of 4, 1, 2, 1/2 and 1/4 reales are made"). Pedigreed to the Jorge Ugaz collection and to our Auction 18 (lot 673).

Potosi, Bolivia, cob 8 reales, 1652 E Transitional Type IV/A. S-P37; KM-A20.4; Cal-1493. 27.11 grams. Attractively toned non-salvage VF (rare thus) with full crown above pillars-and-waves containing F-8-IIII across top and E-8-E across bottom (variety with single dots above F and IIII and two dots above bottom 8, Mastalir IV.1-A.ab), also full crown above full but off-center and partially doubled shield with (A)-P-8 to left and O-E-52 to right, full PHILIPPVS IIII in legend, two tiny edge-splits.

Potosi, Bolivia, cob 8 reales, 1652 E Transitional Type IV/A, ex-Stallard. S-P37; KM-A20.4; Cal-1493. 26.85 grams. Broad-flan VF with nice toning and contrasting sediment (rare as non-salvage), full crown and pillars-and-waves with bold F-8-IIII across top and E-8-E across bottom, including single dots above the F and IIII and double dots above both 8's (Mastalir IV.1-A.db), choice full shield with A-P-8 to left and O-E-52 to right, two edge-splits. Pedigreed to the Barry Stallard collection (acquired from Paul Puckett in 1977).

Potosi, Bolivia, cob 8 reales, 1653 E, dot-PH-dot at top, P over inverted E to left and E over inverted P to right of cross, very rare, ex-Mastalir. S-P37a; KM-unl; Cal-unl. 27.78 grams. Weakly struck Fine with patchy toning, technically full pillars-and-waves and cross-lions-castles, two dates, also three bold mintmarks and two full assayers, the ones flanking the cross showing clearly the egregious error (basically the correct orientation if the cross were inverted), first example we have seen. Pedigreed to the Robert Mastalir collection.

Potosi, Bolivia, cob 8 reales, 1653 E, dot-PH-dot at top above dot, series of eight dots flanking pomegranate above cross (rare), ex-Mastalir. S-P37a; KM-unl; Cal-unl. 24.68 grams. Good full pillars-and-waves with bold full dot-PH-dot above single dot at top, full but off-center cross with bold dot-E-dot to right and clear pomegranate with ornamental arrangement of four dots to each side, attractively toned VF, inexplicably underweight. Pedigreed to the Robert Mastalir collection and to Sedwick Auction 18 (lot 679).

Potosi, Bolivia, cob 8 reales, 1653 E, dot-PH-dot at top above denomination dot-8-dot, series of eight dots flanking pomegranate above cross (rare), ex-Mastalir. S-P37a; KM-unl; Cal-unl. 26.17 grams. Full pillars-and-waves with full dot-PH-dot at top above full dot-8-dot denomination (hence a different variety from the previous lot), choice but off-center full cross-lions-castles topped by bold pomegranate flanked by ornamental arrangement of four dots to each side, full PHILIPPVS IIII in legend, nicely toned VF with trace of surface porosity. Pedigreed to the Robert Mastalir collection.

Potosi, Bolivia, cob 8 reales, 1654 E, retrograde 4 in date (rare), dot-PH-dot at top, pomegranate above cross, NGC XF 40, finest and only example in NGC census. S-P37a; KM-21; Cal-1508. 26.64 grams. Nice round flan with full but doubled pillars-and-waves topped by bold dot-PH-dot, good full cross-lions-castles, richly toned, two dates but just one with retrograde 4 (between pillars). NGC #6213297-001.

Potosi, Bolivia, cob 8 reales, 1654 E, dot-PH-dot at top above denomination 8 without dots, dot-8-dot above cross (very rare), NGC VF 20, ex-Mastalir. S-P37a; KM-21; Cal-1507. 26.91 grams. Very bold PH at top and date between full pillars (nicely centered), one of very few known with denomination on that side lacking dots, the full cross weaker but with clear dot-8-dot above, overall two dates and assayers, three mintmarks, spotty dark toning. NGC #2847153-007. Pedigreed to the Robert Mastalir collection.

Potosi, Bolivia, cob 8 reales, 1654 E, dot-PH-dot at top above denomination 8 without dots, pomegranate above cross (very rare), Calico Plate, ex-Mastalir. S-P37a; KM-21; Cal-1506. 27.21 grams. Bold full pillars with choice full cross above bold dot-PH-dot above denomination without dots (one of very few examples known), choice full cross with clear pomegranate above (hence a different variety from the previous lot), bold king's ordinal IIII, two dates and mintmarks, parts of all three assayers, richly toned XF+. Plate Coin on page 320 of Calico's 2008 edition of Numismatica espanola, also pedigreed to the Robert Mastalir collection and to the Ponterio auction of January 2004 (lot 1487).

Potosi, Bolivia, cob 8 reales, 1655 E, PH at top, pomegranate above cross. S-P37a; KM-21; Cal-1509. 26.50 grams. Choice full pillars-and-waves with bold PH at top above denomination .8., two clear dates on that side, full but doubled cross with full crown above pomegranate at top, third date below, bold king's ordinal IIII in legend, richly old-toned AVF with dark fields, edge-split, holed at edge, round and Royal-like flan (not a die-match with Lazaro).

Potosi, Bolivia, cob 8 reales Royal (galano), 1656 E, PH at top, pomegranate above cross, NGC Fine details / holed, Lazaro Plate Coin. S-P37a; KM-R21; Cal-1416. 26.77 grams. Bold full details all over with honest, even wear, mostly dark fields (good contrast), holed at top of pillars / right of cross, noted in Lazaro (#146, rarity R2) as different from the other 1656's in lacking a solid inner ring within dots on both sides. NGC #5779586-013. Plate Coin on page 218 of Lazaro's Los redondos de Lima, Mejico y Potosi (1996).

Potosi, Bolivia, cob 8 reales, 1656 E, PH at top, pomegranate above cross. S-P37a; KM-21; Cal-1512. 26.13 grams. Full cross-lions-castles with bold date below and pomegranate above below a choice full crown, full but off-center and slightly doubled pillars, two more dates on that side, AVF with patchy dark toning (slightly oxidized).

Potosi, Bolivia, cob 8 reales, 1657 E, pomegranate above pillars, denomination 8 above cross, Royal die (unique). S-P37a; KM-21; Cal-1519. 26.15 grams. Well-detailed full pillars-and-waves and cross-lions-castles, well-centered and evenly struck VF on a non-Royal flan, the pillars-side die a match with Lazaro 149, including a solid inner ring, but the cross side not a match (close to Lazaro 155 but with assayer-mintmark transposition error).

Potosi, Bolivia, cob 8 reales Royal (galano), 1658 E, pomegranate above cross, rare, NGC VF details / holed, plugged. S-P37a; KM-R21; Cal-1423. 26.89 grams. Broad flan with full legends and choice details on both sides due to perfect centered, no doubling and deeply contrasting dark toning on fields, holed at top of cross / pillars and with plugged hole to right of cross / left of pillars, die match with Lazaro 157 (rarity R2). NGC #5779586-015.

Potosi, Bolivia, cob 8 reales, 1658 E, pomegranate above cross. S-P37a; KM-21; Cal-1520. 27.44 grams. Well-centered full pillars-and-waves and cross-lions-castles but both with small flat areas and spotty toning, all three dates and mintmarks and assayers, VF. Pedigreed to the Ponterio Sale #62 of June 5, 1993, lot 714, with lot tag.

Potosi, Bolivia, cob 8 reales Royal (galano), 1662 E, flowery pomegranate at top, rare, NGC Fine details / holed, finest and only example in NGC census. S-P37a; KM-R21; Cal-1430. 26.50 grams. Richly toned and perfectly struck with all details visible and even, just honest wear and inevitable hole at top of pillars (near top of cross), traces of gilding in crevices on cross side, die match with Lazaro 168 (rarity R3), very attractive overall, the pomegranate above the pillars unusually ornamental with curved leaves on each side (more like a flower). NGC #5779586-017.

Potosi, Bolivia, cob 8 reales Royal (galano), 1663 E, rare, NGC plugged, clipped, ex-Tempel. S-P37a; KM-R21; Cal-1431. 24.66 grams. Broad flan (despite stated clipping) with nearly full legends and full inner details despite flatness and minor doubling, die match with Lazaro 169 (rarity R2, the only known Royal dies for this generally scarce date), attractively toned, plugged hole at top of pillars / left of cross. NGC #6272087-006. Pedigreed to the Tempel Collection (stated on label).

Potosi, Bolivia, cob 8 reales Royal (galano), 1665 E, very rare, Lazaro Plate. S-P37a; KM-R21; Cal-1433. 21.74 grams. Round but smallish flan with nearly full legends and inner details despite some flat areas, brown-toned VF with minor porosity all over, pictured in Lazaro as #173 with an R4 rating (three to four known). Plate Coin on page 245 of Lazaro's Los redondos de Lima, Mejico y Potosi (1996) and pedigreed to the Ponterio auction of June 1993, with original lot-tag 715.

Potosi, Bolivia, cob 8 reales Royal (galano), 1669/8 E, very rare, NGC VF details / holed. S-P37b; KM-unl (R26 for type); Cal-664. 26.37 grams. Broad flan with metal extending beyond the outer border in places, the legends and inner design all full and well struck (albeit slightly off-center), attractively toned around details, the expected hole placed perfectly in the second O of POTOSI (top of cross on other side), and the overdate appearing clearly in the three-digit date below cross (not mentioned on NGC label), that side (only) a die match with Lazaro 181 (rarity R2, without mention of the overdate, yet visible in the photo) but the pillars side (notably without pomegranate at top) apparently not listed, possibly unique. NGC #5940510-001.

Potosi, Bolivia, cob 8 reales, 1669 E. S-P37b; KM-26; Cal-700. 26.00 grams. Bold full pillars and cross (nearly full waves) with contrasting toning, some peripheral flatness, two dates and mintmarks, AXF with minor surface porosity.

Potosi, Bolivia, cob 8 reales Royal (galano), 1671 E, rare, NGC XF details / holed. S-P37b; KM-R26; Cal-667. 27.91 grams. Broad flan with choice full inner details and full legends and crowns, lightly toned and with only the faintest of doubling, the small hole at edge placed perfectly inside the O of CAROLVS (near the right end of the cross), die match with Lazaro 186 (rarity R2), tied with one other for second finest in NGC census. NGC #5940510-002.

Potosi, Bolivia, cob 8 reales, 1671 E. S-P37b; KM-26; Cal-702. 26.45 grams. Three dates including bold full 1671 in legend (straddling an edge-crack), full pillars-and-waves and (slightly doubled) cross-lions-castles, VF with some flat areas, toning around details.

Potosi, Bolivia, cob 8 reales Royal (galano), 1679 C, rare, NGC VF details / plugged, ex-Tan, Burzio Plate Coin. S-P38; KM-R26; Cal-675. 25.84 grams. Impressively broad flan with choice full details including legends, well struck and attractively toned, the plugged hole to right of cross / about 2 o'clock on pillars side well done but not deceptive, die match with Lazaro 199 (rated R3), tied with one other for second finest in NGC census, important pedigree. NGC #5940510-003. Pedigreed to the Patrick Tan collection (Triton auction of January 2011, lot 1465), as stated on label, and plated as coin 599 on photo-plate lxxix in Burzio's Diccionario de la Moneda Hispanoamericana (1956).

Potosi, Bolivia, cob 8 reales, 1679 C. S-P38; KM-26; Cal-714. 26.66 grams. Richly toned AVF with flat spots due to flan unevenness, still with full cross and pillars (the latter doubled), two dates, three assayers and mintmarks, traces of porosity near parts of edge.

Potosi, Bolivia, cob 8 reales Royal (galano), 1682 V, NGC XF details / holed. S-P39; KM-R26; Cal-678. 26.51 grams. Very broad flan with 100% full details, the pillars slightly doubled, holed to left of cross, contrastingly toned, in fact tied with two others for second finest in NGC census, die match with Lazaro 207 (rarity R1). NGC #5780678-002.

Potosi, Bolivia, cob 8 reales, 1682 V. S-P39; KM-26; Cal-720. 26.78 grams. Full pillars with particularly full and bold waves, full but rather double-struck cross-lions-castles, parts of all three dates and mintmarks and assayers, toned XF with peripheral flatness and edge-crack. Pedigreed to the Ponterio auction of June 1993, with original lot-tag 720.

Potosi, Bolivia, cob 8 reales, 1685 VR. S-P40; KM-26; Cal-726. 26.52 grams. Broad flan with three clear dates, two bold assayers and part of a third, full pillars-and-waves and good full cross-lions-castles, low-contrast toning with a touch of surface porosity (otherwise AXF), edge-split.

Potosi, Bolivia, cob 8 reales Royal (galano), 1686 VR, NGC XF details / holed, ex-Tempel. S-P40; KM-R26; Cal-682. 26.74 grams. Richly toned, with choice full details including legends (the pillars-and-waves particularly prominent), holed at top of pillars / bottom of cross, die match with Lazaro 217 (rarity R1). NGC #6272087-017. Pedigreed to the Tempel Collection (stated on label).

Potosi, Bolivia, cob 8 reales, 1686 VR. S-P40; KM-26; Cal-727. 26.93 grams. Full but double-struck cross-lions-castles and pillars-and-waves (the latter slightly off-center but with choice full crown at top), two dates and mintmarks and parts of all three assayers, XF with light tan sediment in crevices. Pedigreed to the Ponterio auction of April 1994, with original lot-tag 934.

Potosi, Bolivia, cob 8 reales Royal (galano), 1687 VR, NGC VF details / holed. S-P40; KM-R26; Cal-683. 26.89 grams. Broad flan with choice full details including legends, with lovely toning all over, small hole at top of cross / bottom of pillars, no doubling except on EL PERV which is thereby strangely rendered as EL PPEV (similar shift on other side), die match with Lazaro 221 (rarity R1), tied with one other for second finest in NGC census. NGC #5779586-026.

Potosi, Bolivia, cob 8 reales, 1687 VR. S-P40; KM-26; Cal-729. 27.61 grams. Weakly struck VF with full cross and nearly full pillars-and-waves, two dates, three assayers, natural but low-contrast surfaces. Pedigreed to the Ponterio auction of July 1994, with original lot-tag 807.

Potosi, Bolivia, cob 8 reales Royal (galano), 1690 VR, rare, NGC XF details / holed. S-P40; KM-R26; Cal-686. 26.19 grams. Broad flan with full legends and choice inner details enhanced by contrasting toning, no doubling, crudely holed to left of cross / about 7 o'clock on pillars side, old scratches on lions and castles, cross side die matches Lazaro 228 (rarity R3) but pillars side appears to be an unrecorded die, one of three at this grade at NGC with none higher. NGC #5940510-005.

Potosi, Bolivia, cob 8 reales Royal (galano), 1692 VR, rare, NGC VF details / holed, ex-Tempel. S-P40; KM-R26; Cal-688. 25.72 grams. Nicely toned, with full inner details and nearly full legends, small hole to left of cross / about 7 o'clock on pillars side, die match with Lazaro 230 (rarity R3), tied with four others for second finest in NGC census. NGC #6272087-023. Pedigreed to the Tempel Collection (stated on label).

Potosi, Bolivia, cob 8 reales, 1692 VR. S-P40; KM-26; Cal-735. 26.97 grams. Good full cross and pillars-and-waves (the latter slightly doubled on left side), parts of all three dates and assayers, VF with contrasting toning around details, two tiny edge-splits.

Potosi, Bolivia, cob 8 reales, 1694 VR. S-P40; KM-26; Cal-737. 27.42 grams. Good full cross-lions-castles and pillars-and-waves, two dates, three mintmarks and assayers, VF+ with uneven dark toning, a few light (old) scuffs on high points.

Potosi, Bolivia, cob 8 reales, 1695 VR. S-P40; KM-26; Cal-738. 26.82 grams. Large flan with flat peripheral area past full POTOSI due to off-center pillars side, good full cross, much doubling, two dates and mintmarks and assayers, AVF with dark toning in crevices. Pedigreed to the Ponterio auction of February 1998, with original lot-tag 794.

Potosi, Bolivia, cob 8 reales Royal (galano), 1696 VR, rare, NGC VF details / holed. S-P40; KM-R26; Cal-692. 26.64 grams. Nearly full legends and choice full inner details (no doubling, cross side off-center), with lovely toning all over, typical hole at top of pillars / left of cross, die match with Lazaro 235 (rarity R2), tied with one other for finest in NGC census. NGC #5940510-006.

Potosi, Bolivia, cob 8 reales Royal (galano), 1698 F, rare, NGC AU details / holed, finest known in NGC census. S-P42; KM-R26; Cal-694. 27.19 grams. Hint of luster, small thick flan with about half the legends visible, full interiors (slightly doubled), no toning, crudely holed to right of cross / near top of pillars, die match with Lazaro 237 (rarity R2). NGC #6449653-001.

Potosi, Bolivia, cob 8 reales, 1701 F, posthumous Charles II. S-P42; KM-26; Cal-747. 26.12 grams. Chunky flan with bold date and assayer straddling one full pillar, partial second date below half of cross with bold king's ordinal II in legend, technically XF but with much flatness, uneven gunmetal toning.

Potosi, Bolivia, cob 8 reales, 1708 Y. S-P43a; KM-31; Cal-1543. 24.93 grams. Chunky and crude per the period but with bold full date within full pillars, assayer Y to left, nearly full cross, Fine with contrasting sediment on fields.

Potosi, Bolivia, cob 8 reales Royal (galano), 1712 Y, rare, NGC VF details / scratches, finest and only example in NGC census, Lazaro Plate Coin. S-P43a; KM-R31; Cal-1484. 26.37 grams. Broad flan with full legends and inner details (amazing contrast to the previous and following lots!), the cross doubled but with impressive four-digit date below, attractively toned and particularly rare as lacking a hole, the old scratches noted by NGC hardly noticeable without magnification, pictured in Lazaro as #255 (rarity R3). NGC #5779587-007. Plate Coin on page 333 of Lazaro's Los redondos de Lima, Mejico y Potosi (1996).

Potosi, Bolivia, cob 8 reales, 1714 Y. S-P43a; KM-31; Cal-1550. 25.80 grams. Chunky flan with full pillars and most of cross, full assayer and mintmark but date somewhat weak, Fine+ with dark toning.

Potosi, Bolivia, cob 8 reales, 1717 Y. S-P43a; KM-31; Cal-1553. 26.77 grams. Round but chunky flan with choice full cross, nearly full but doubled pillars with nearly full crown above, two dates, AVF with toning in crevices, touch of porosity near parts of edge.

Potosi, Bolivia, cob 8 reales Royal (galano), 1719 Y, rare, NGC VF details / holed. S-P43a; KM-R31; Cal-1491. 27.04 grams. Very broad flan that extends beyond the outer border in places, the legends full but slightly doubled, good full inner details, attractively toned all over, die match with Lazaro 264 (rarity R3), who notes backwards N's (bold in ANO on this coin) and "condor" ornaments in legends and elsewhere, crudely holed to right of cross / left of pillars, tied with two others for finest in NGC census. NGC #5940510-008.

Potosi, Bolivia, cob 8 reales, 1726Y, Louis I, rare, NGC VF details / obv scratched. S-P43b; KM-35; Cal-49. 27.35 grams. Chunky flan with full but doubled pillars-and-waves, full but mostly flat cross, two full dates on pillars side, bold LV- of king's name on cross side (very rare thus, and highly desirable for the type), toned in crevices, the noted scratches being only in flat areas on the pillars side. NGC #6448949-004.

Potosi, Bolivia, cob 8 reales Royal (galano), 1729 M, rare, NGC AU 53, finest and only example in NGC census. S-P44; KM-R31a; Cal-1498. 27.05 grams. For whatever reason, this year marks the beginning of noticeably thicker flans with deeper strikes on Potosi Royals, and this piece is the finest-known example, with bold and even strike all over, no hole and no doubling, also beautifully toned, just the pillars side a little off-center, with much legend despite the smaller diameter (with "condor" ornaments as before), far superior to Lazaro 276 (rarity R3), with which it is a die match. Given the old toning and high quality, it is a wonder this piece cannot be found in any of the major "named" collections of Royals from the past five decades, like Sellschopp, "Americas," Ortiz, von Schuckmann and Millennia (just to name a few). NGC shows two others in the Details Census, but this is the only straight-graded example to date. NGC #5902400-010. Pedigreed to the Cayon auction of July 2016 (lot 924). Please use this link to verify the NGC certification number

Potosi, Bolivia, cob 8 reales, 1733 YA, rare. S-P45; KM-31a; Cal-1567. 24.34 grams. Chunky but well detailed, with good full pillars and cross, two dates and all three mintmarks and assayers, patchy dark toning, XF with trace of surface porosity.

Potosi, Bolivia, cob 8 reales, 1734 E. S-P46; KM-31a; Cal-1569. 27.42 grams. Round but chunky flan (very thick in center) with good full pillars-and-waves (slightly doubled) and cross-lions-castles, all three dates and assayers visible (rare thus), lightly toned AXF.

Potosi, Bolivia, cob 8 reales, 1735 E. S-P46; KM-31a; Cal-1570. 25.27 grams. Unusually even flan with sharply cut edge (as made), very bold full pillars-and-waves and cross-lions-castles, two dates and all three mintmarks and assayers (the latter unusually small, probably 4R punches), XF+ with light sediment on fields, clearly not a Royal but certainly a cut above the norm for this period.

Potosi, Bolivia, cob 8 reales, 1747 q, Ferdinand VI (king's name visible), NGC AU 53, finest and only example in NGC census. S-P50a; KM-40; Cal-509. 26.88 grams. Chunky flan with one pillar 100% full due to off-center strike, nearly full cross, deeply brown-toned, with two dates and mintmarks and assayers, king's name (FERD)INAND(VS) in legend (important because some examples of this year still show Philip's name). NGC #6289307-006.

Potosi, Bolivia, cob 8 reales, 1752 q, mintmark and assayer transposed on pillars side (rare). S-P52; KM-unl (40 for type); Cal-523. 27.20 grams. Full and well-centered pillars and cross on a chunky flan with two dates and assayers and three mintmarks, including clearly transposed P's and q's on pillars side (third specimen we have offered of this error), VF+ with nice gray toning.

Potosi, Bolivia, cob 8 reales, 1761 V-Y. S-P57; KM-45; Cal-1137. 26.92 grams. Broad but very chunky flan with much flatness near crude edge (as made), two bold dates, three assayers, part of king's ordinal TERTIVS, Fine with toned fields.

Potosi, Bolivia, cob 8 reales, 1771 V-Y. S-P59; KM-45; Cal-1154. Chunky VF+ with some dark sediment in crevices, one full pillar and nearly full cross.

Potosi, Bolivia, cob 4 reales, 1679/8 C/E, extremely rare. Janson-29.13.2; S-P38; KM-unl; Cal-unl. 13.38 grams. Good full cross, bold full waves (pillars flat) with full but doubled date showing as "779/8," also three assayers, of which the top-right instance on pillars side shows a trace of flat bottom of previous assayer E underneath, the still-unique "discovery coin" that led to a new listing in Janson (albeit with lot number misquoted), VF with toned fields, small edge-split. Pedigreed to Sedwick Auction 18 (lot 750).

Potosi, Bolivia, cob 4 reales Heart, 1720 Y, unique, NGC plated / holed, ex-Pat Johnson. Janson-unl (Type C34); S-P43a; KM-unl; Cal-unl (Type 144). 13.86 grams. This fabulous coin was obtained by Pat in the 1990s so quietly that the date 1720 never made it into current standard references (Janson, and Calico) nor any older references (like Pellicer i Bru), and was unknown to us when we presented our article about Hearts in Sedwick Auction 18 in 2015 (please refer to that article for more information about these special coins) or our presentation at the 1st International Convention of Historians and Numismatists in Potosi in 2016. We have to assume it is still unique. It is also incredibly well preserved, lustrous AU in our estimation, with lightly gilt surfaces that prevent NGC from rendering an opinion, very deep strike, well centered and perfectly medal-aligned with the classic heart-shaped flan with requisite hole in stem, with two dates and all three mintmarks and assayers, even a part of the king's name and ordinal V. We are honored to usher this special piece into its next home in another world-class collection. NGC #6448837-001. Pedigreed to the Pat Johnson Collection (stated on label). Please use this link to verify the NGC certification number

Potosi, Bolivia, cob 4 reales Heart, 1721 Y, unique, NGC XF 45, Practical Book of Cobs Plate Coin, Janson Plate Coin. Janson-C34.21; S-P43a; KM-unl; Cal-1148. 15.22 grams. A truly lovely coin, deeply struck and beautifully toned, precisely and intentionally oriented at a 45-degree angle with the axis of its otherwise classic Heart shape (perhaps to present the cross as an X instead), enabling two dates and all three mintmarks and assayers to be visible, neatly holed in the stem. Like all 4R Hearts known to us, this date is unique. Described in the Ponterio catalog as "quite possibly the finest heart shaped 4 Reales in existence," it is easy to see why it was chosen as plate coin for the type in both Sedwick and Janson. NGC #6284687-003. Plated on page 110 of Janson's La Moneda Circulante En El Territorio Argentino 1584-2019 (2020) and on pages 88 and 113 respectively of the 2nd (1990) and 3rd (1995) editions of Sedwick's The Practical Book of Cobs, and pedigreed to the Ponterio auction of March 1992 (lot 809) and the Swiss Bank Corp. auction of September 1997 (lot 2026). Please use this link to verify the NGC certification number

Potosi, Bolivia, cob 4 reales Royal (galano), 1727/6 Y, Louis I, extremely rare, NGC XF details / holed, finest and only example in NGC census, Calico Plate Coin, KM Plate Coin. Janson-R39.3.1; S-P43b; KM-RA35; Cal-33. 13.11 grams. Thick, small-diameter flan as expected (but larger than the Karon specimen, the only other example known), with no visible legends except (conveniently) the bottom of the king's ordinal PR, very deeply and evenly struck, well centered and also richly toned all over, with clear overdate below the cross, typically holed to left of pillars / about 4 o'clock on cross side. NGC #5903003-002. Plate Coin in Calico's Numismatica espanola (2019) and Krause-Mishler's Standard Catalog references, also pedigreed to the Ponterio auction of March 1996 (lot 1111).

Potosi, Bolivia, cob 4 reales, 1750 E, ex-Rosenheim, ex-Ugaz. S-P51; KM-39; Cal-403. 11.59 grams. Chunky oblong flan terminating in a sharp point, bold date between full pillars, choice but slightly off-center cross, attractively toned XF+ with corrosion near edge on cross side only. Pedigreed to the Arturo Rosenheim and Jorge Ugaz collections.

Potosi, Bolivia, cob 4 reales, 1751 q/E, ex-Rosenheim, ex-Ugaz. S-P52; KM-39; Cal-unl (Type 55). 11.09 grams. Small, oblong, chunky flan with good full pillars and cross, parts of all three assayers with top-right q/E bold (scarce), XF with contrasting sediment in crevices, trace of corrosion near part of edge. Pedigreed to the Arturo Rosenheim and Jorge Ugaz collections.

Potosi, Bolivia, cob 4 reales, 1751 q/E. S-P52; KM-39; Cal-unl (Type 55). 13.39 grams. Chunky flan with bold full pillars and cross, three assayers including a bold q/E to right of cross, beautifully toned VF.

Potosi, Bolivia, cob 4 reales, 1753 C, ex-Rosenheim, ex-Ugaz. S-P53; KM-39; Cal-408. 13.55 grams. Full and well-centered pillars and cross on a very chunky flan with crude edge (as made), two bold dates and parts of all three assayers, AXF with uneven toning. Pedigreed to the Arturo Rosenheim and Jorge Ugaz collections.

Potosi, Bolivia, cob 4 reales, 1754 C, ex-Rosenheim, ex-Ugaz. S-P53; KM-39; Cal-409. 12.40 grams. Chunky flan in an odd, almost heart-like shape (possibly with small piece broken from edge in its time), very richly toned, with bold date next to full right pillar, nearly full cross with bold mintmark to left, AXF with peripheral surface roughness per the era. Pedigreed to the Arturo Rosenheim and Jorge Ugaz collections.

Potosi, Bolivia, cob 2 reales, 1654 E, dot-PH-dot at top, motto as PLV-SV-LTR, ex-Mastalir. S-P37a; KM-16; Cal-921. 6.86 grams. Broad, round, Royal-like flan with full inner details and nearly full legends, all three dates and mintmarks and assayers, rare (extended) transitional variety with dots above P-2-E and oddly split motto, low-contrast XF with faint surface porosity. Pedigreed to the Robert Mastalir collection and to the Cayon auction of May 2012 (lot 722).

Potosi, Bolivia, cob 2 reales, 1712 Y, NGC MS 61, finest and only example in the NGC census. S-P43a; KM-29; Cal-888. 7.72 grams. Lustrous (non-toned) and sharply detailed (choice strike and conservation), with full pillars-and-waves and cross-lions-castles, two dates including full 1712 below cross, oddly overweight and with natural cracks near edge. NGC #6281258-005.

Potosi, Bolivia, cob 2 reales, 1733 YA, rare. S-P45; KM-29a; Cal-909. 6.41 grams. Superb full cross-lions-castles and nice but doubled full pillars-and-waves, parts of all three dates and mintmarks and assayers, attractively toned VF+.

Potosi, Bolivia, cob 2 reales Royal (galano), 1737 E, very rare, NGC Fine details / holed, environmental damage. Janson-unl (R45 for type); S-P46; KM-unl; Cal-unl. 6.43 grams. Perfectly round and even flan with full interior details, holed to right of cross / 7 o'clock on pillars side, with dark oxidation at edge, first example we have ever seen or heard of for a Royal of this date. NGC #6068759-006.

Potosi, Bolivia, cob 1 real Royal (galano), 1733 E, retrograde E to right of cross, extremely rare, NGC XF details / holed (not listed in census). Janson-46.6.2; S-P46; KM-unl; Cal-unl. 3.43 grams. Typically thick, round, even, but small-diameter flan with perfectly centered cross showing a clearly retrograde assayer E to right, the pillars side slightly off-center but with bold E in proper rotation at top-right, with lovely old toning but inevitable hole near top of cross / top of right pillar. It is quite possible this 1733 E is unique, as the erroneous Janson citation with assayer E makes reference to and shows a photo of the "Americas" collection example of 1733 YA (also unique). NGC #5902427-012. Pedigreed to the Heritage auction of January 2008 (lot #50309).