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1 Peso Counter-stamped coinage

Issuer Guatemala
Year 1894
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Technique Milled
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Obverse script Latin
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Reverse description The reverse of the host coin presents an allegorical figure of Justice seated, holding a balance scale in her left hand and a cornucopia in her right, with her arm resting upon a representation of the Constitution. The surrounding legend reads REPUBLICA DE GUATEMALA with the date 30 DE JUNIO DE 1871, and the denomination UN PESO appears in the lower field. The counterstamp applied to this side reproduces the reverse of the 1894 1/2 Real, also depicting the Justice motif with the legend REPUBLICA DE GUATEMALA, the date 30 DE JUNIO DE 1871, and the value 1/2 REAL. The engraver's name LAGRANGE is incused beneath the seated figure on both the host coin and counterstamp impressions.
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Additional information

Guatemala's 1894 counterstamped pesos were not newly minted coins but recycled South American silver — primarily Bolivian and Peruvian 8-real and 1-sol pieces — officially overstruck with Guatemalan authorization marks to legitimize foreign silver already circulating in the country. The practice was a stopgap response to chronic shortages of domestic coinage, a persistent problem throughout Central American monetary history in the late nineteenth century.

KM#221 specifically documents the authorized 1894 issue, though the host coins beneath the counterstamp vary considerably in date and origin.

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