Chile 1822-So FI peso

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Goldberg sale 46, lot 1000
photo courtesy Ira & Larry Goldberg
typical circulated example
from the Mountain Groan Collection

The first specimen was lot 1000 in Goldberg sale 46 (Beverly Hills, May 2008), where it sold for $3,400.

The catalog description[1] noted,
"Chile - Republic. Peso, 1822-FI (Santiago). Volcano type; double assayer type of 1817-1823, and 1834. Smoking volcano; wreath above, value within. Reverse: Column surmounted by globe; star and banner above. Very good strike, with just minor softness at the centers. The fields, showing only light marks, are reflective to almost proof-like, the luster providing good cartwheel effect. Even light smokey toning, with some stronger coloration at the recesses. NGC graded MS-62 Prooflike. The early history of republican Chile revolves around the national hero Bernardo O'Higgins, who was the Supreme Director of the nation. He was the first to head the country after the formal independence of 1818. Indicative of the culture of the time, O'Higgins was a liberal who wished to establish a true democratic state and abolish titles of nobility. For this he met strenuous opposition that resulted in his being deposed in 1823. As was true in most of South America at this time, freedom from Spain was desired, but democracy was not."

This "volcano peso," one of the most popular South American crowns, was struck 1817-34 in some numbers but the majority of survivors are dated 1817. Circulated specimens are available for a price but uncirculated pieces are rare. The volcano design also appears on silver half, one and two reales of 1833-34.

Recorded mintage: 148,000.

Specification: 27 g, .900 fine silver; the first specimen: 26.79 grams.

Catalog reference: WR-9; Eliz-87; KM 82.2.


  • [1]Goldberg, Ira, and Larry Goldberg, Goldberg Sale 46: the Millenia Collection, Beverly Hills, CA: Ira and Larry Goldberg Auctioneers, 2008.
  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
  • Elizondo, Carlos A., Eight Reales and Pesos of the New World, San Antonio, TX: 1968.

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