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1 Peso Counterstamped coinage
| Issuer | Republic of Guatemala |
|---|---|
| Year | 1894 |
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| Currency | Peso (1859-1912) |
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|---|---|
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| Reverse description | The reverse of the host Honduran 1 Peso presents a seated allegorical female figure of Liberty facing left, holding a staff topped with a Phrygian cap in her left hand and resting her right hand upon a tablet inscribed with the words CONSTITUCION and PAZ PROGRESO LIBERTAD. To the left, a flag bearing five stars and the word UNION is prominently displayed. The circular legend reads 15 DE SETIEMBRE DE 1821 above and CENTRO-AMERICA below. Multiple Guatemalan counterstamps, including crowned cypher monograms, are visible in the field, applied during the 1894 authorization for use as Guatemalan currency. |
| Reverse script | Latin |
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| Additional information |
Guatemala's 1894 counterstamp program was a direct response to the chaotic monetary situation created by the free coinage treaties of the 1870s and 1880s, which had allowed enormous quantities of foreign silver — particularly Salvadoran and Mexican pesos — to circulate alongside domestic issues without official sanction. The counterstamp brought these coins into formal circulation rather than forcing their removal, a practical compromise under a treasury that could not absorb the shock of demonetization.
KM#222 encompasses host coins of varying origin, which means the underlying piece matters considerably to specialists. A Guatemalan host commands a premium over a counterstamped Mexican 8 reales.