Guatemala (1894) Peso c/s on 1879 Chile peso

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from the Mountain Groan Collection
Guatemala 1879cm peso rev 600.jpg

The SCWC notes of this type, "By 1894, foreign coins had become so prevalent that on August 10, the government authorized their counter-stamping at the mint, with official ½ real dies of 1894, to legitimize their circulation." To this author, there are problems with this interpretation; the counterstamped coins are almost exclusively Chilean pesos or Peruvian soles and the surviving specimens are generally in good condition, suggesting that they were new or nearly new when they were counterstamped. Previous counterstamping operations in Guatemala had been of heavily worn coins. It is this author's surmise that the mint purchased the coins from Chile and Peru with the intention of counterstamping them and that the other, rare varieties were mixed in by accident.

Recorded mintage: unknown.

Specification: 25 g, .900 fine silver, .723 troy oz ASW.

Catalog reference: KM 221.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1801-1900, 7th ed., Iola, WI: Krause Publications, 2012.

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