Colombia 1862-P 2 reales
This specimen is one of a type struck at the Popayán mint 1862 only. The SCWC notes that the entire production run was made using repunched dies from two reales of 1849-53 (KM 109). Hence, all are one of the following overdates: 1862/48, 1862/49 or 1862/52. In addition, the former obverse legend, "REPUBLICA DE LA NUEVA GRANADA" has been completely repunched to read, "CONFEDERACION GRANADINA." To the author's knowledge, this is the most extensive repunching known on any coin. Like many minor coins of Colombia, despite its low value in the SCWC, it is not common, especially in nice condition.
This coin is a descendant of the first two reales of the independent Nueva Granada (1839-46, KM 97). Eventually, the government announced that ten reales made a peso instead of the former eight. The former two reales was redesignated a two décimos, struck 1854-58 (KM 117). In 1866, the fineness was lowered to .835 and struck at that standard 1866-74 (KM 149, 155, 159, 160) to be replaced by a twenty centavos struck 1874-86 (KM 176, KM 178).
Recorded mintage: unknown.
Specification: 5 g, .900 fine silver, .144 troy oz ASW.
Catalog reference: KM 134.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.
- Restrepo, Jorge Emilio, Monedas de Colombia, 1619-2006, Medellin, Colombia: Impresiones Rojo, 2006.