Catalog
1 Real
| Issuer | Nicaragua |
|---|---|
| Year | 1824 |
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| Composition | Log in to see details |
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| Shape | Cob |
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| Obverse description | Two crowned pillars of Hercules with stars at the summits, flanking a central device. The field bears a partially legible legend in Latin, with the denomination and date appearing among the inscription. Characteristic of cob coinage, the design is irregularly struck, with portions of the legend illegible due to the nature of the hammered flan. The lettering reads partially as 'I C LV SN T D 24 G', interpreted as a fragmentary rendering of the denomination, issuer, and date 1824. |
|---|---|
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| Obverse lettering | Log in to see details |
| Reverse description | A cross divides the central field into four quadrants, containing alternating pomegranates (granada in Spanish, referencing the city of Granada) and floral motifs. The overall design follows the style of Guatemala City Mint cob coinage of the period, with the strike being notably irregular owing to the hammered cob production method. This type is of exceptional rarity, with no other confirmed example recorded beyond the stamp attributed to Guatemala. |
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| Additional information |
Nicaragua's 1824 coinage was struck during the turbulent opening years of the Central American Federation, when the newly independent states had severed ties with Mexico and were attempting to establish functioning monetary systems almost from scratch. Provincial mints were inconsistent, dies were cut locally with limited skilled labor, and the resulting coins frequently show irregular planchets and uneven strikes — not as grading demerits but as an inherent characteristic of the issue.
KM#6 is attributed to the Managua provisional mint. Federation-era Nicaraguan silver in any condition is genuinely scarce in today's market, as low original mintages were compounded by decades of heavy circulation in a cash-starved economy.