1 Peso Counterstamped coinage

Guatemala's counterstamped coinage of this period reflects a practical stopgap rather than deliberate monetary policy. Facing chronic shortages of domestic silver, the government authorized the counterstamping of foreign coins — predominantly Chilean and Bolivian pesos — to legitimize their circulation at par. The 1894 issue represents one of the later applications of this practice before Guatemala moved toward a more formalized national coinage system.

KM#219 specimens vary considerably depending on the host coin, and the counterstamp placement is frequently off-center.