1 Peso Counter-stamped coinage

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.