1 Real

New Granada's silver coinage of the 1840s was produced under chronic institutional strain — the young republic had inherited Spanish colonial mints at Bogotá and Popayán but lacked the technical staff and bullion supply to run them consistently. The 1847 date falls just two years before the liberal reforms of 1849 that would destabilize monetary policy further, accelerating a shift toward federalism that eventually dissolved New Granada into the Granadine Confederation by 1858.

Popayán-struck pieces from this period are known for inconsistent planchet preparation, a product of regional rather than centralized production.