1/4 Real

Chile's fractional silver coinage of the early 1830s was issued under acute practical pressure — the new republic desperately needed small-denomination currency for everyday transactions that larger silver reales simply couldn't facilitate. The Santiago mint, operating under significant post-independence constraints, produced these quarter reales in limited quantities across the three-year window, which accounts for the relative difficulty in locating problem-free survivors today.

The .902 fineness matches the old colonial standard Chile inherited and deliberately retained to maintain public confidence in the new national coinage.