1 Quetzal

Guatemala's quetzal monetary system was established by decree in 1924, replacing the peso under a U.S.-advised monetary reform that pegged the new currency at par with the dollar. The 1925 one-quetzal was among the earliest large silver issues of the new system, struck at the Philadelphia Mint under contract — Guatemala lacking the domestic minting capacity for a coin of this size and specification.

The .720 fine silver standard matched U.S. subsidiary coinage practice of the period, a deliberate alignment that reflected the reform's architects more than any Guatemalan monetary tradition.