1/2 Real - Felipe V

The cob coinage — macuquina — struck at Guatemala during this period was notoriously irregular even by the loose standards of Spanish colonial minting. The Guatemala mint, operating under chronic shortages of skilled assayers and consistent silver supply from regional sources, produced half reales that varied substantially in flan shape and strike completeness. Felipe V's reign saw two separate abdications: he first surrendered the throne to his son Luis I in 1724, then resumed it seven months later when Luis died of smallpox. Coins struck across this period technically span two reigns, though the Guatemala facility continued using established dies with little interruption.