Guatemala 1760-G P real
Shown is a 1760 one real from the Guatemala mint, of a type issued 1754-60. All pillar coinage from Guatemala is scarce and many issues are rare. Gilboy notes this date as "R2" or "quite rare," indicating that less than fifty are believed to exist. There is also a 1760 one real for Charles III; this is marked as "R3", indicating that less than two dozen are believed to exist. This denomination is very rare without holes. Unlike the other colonial mints, Guatemala seems to have issued more four reales than any other denomination. Gilboy marks the half, one and two reales as "rare" and the eight reales as "scarce" to "normal." None are marked as common. Guatemala issues are notably cruder than other mints as evidenced by the filled letters.
In 1741, the Mexico City mint revised the shield side of design to allow the crown to interrupt the legend; this was never done in Guatemala.
Mexican numismatists hotly debate which side of the coin constitutes the obverse. Gilboy depicts the shield side as the obverse as that side bears the king's name. However, auction catalogs and dealer listings more frequently use the pillars and globes side as the obverse, as that side bears the date.
Recorded mintage: unknown.
Specification: 3.38 g, .917 fine silver, .099 troy oz ASW.
Catalog reference: Cayón-10363, G-1-8, KM 16.
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