1/2 Real Insurgent Coinage

The provisional coinage of Oaxaca was struck under the authority of the insurgent junta following José María Morelos's capture of the city in November 1812. With royalist supply lines severed and no access to the established mints at Mexico City or Zacatecas, local authorities improvised production using crude hand-cut dies and whatever silver could be sourced regionally. The results were intentionally functional rather than refined.

Royalist forces retook Oaxaca in March 1814, abruptly ending this coinage's production window — which accounts for the tight date range and relatively low surviving populations of cleanly struck pieces.