Durango 1866 1/4 real KM-349
This specimen is a copper quarter real issued 1866 only by the state of Durango. It was the first cuartilla issued by the state since 1860. Another cuartilla also exists for 1866, issued by the "department" of Durango (KM 348).
The Mexican constitution reserved the right to coin gold and silver to the federal government but granted the right to mint copper to the states, which right they used and abused. For some states, this was a major source of revenue as the metal content was much less than the face value. For others, it was an opportunity to thumb their noses at the central government by proclaiming their "free and sovereign" status.
Recorded mintage: unknown.
Specification: copper, 27 mm diameter.
Catalog reference: KM 349, DB-285.
- Harper, David C. [Ed.], North American Coins & Prices, 17th Ed., Iola, WI: Krause Publications, 2007.
- Buttrey, T. V., and Clyde Hubbard, A Guide Book of Mexican Coins, 1822 to date, 6th ed., Iola, WI: Krause Publications, 1992.
- Bailey, Don, State & Federal Copper and Brass Coinage of Mexico, 1824-1872, Hemet, CA, 2008.