1 Real - Fernando VI

Guatemala's cob coinage — macuquinas — was already an anachronism by the mid-18th century, produced by hammer-striking planchets cut from cast silver bars rather than by the mechanized screw presses operating in Mexico City and Lima. Fernando VI's accession in 1746 prompted a recoinage order, but Guatemala continued hammering cobs well into his reign while awaiting equipment and trained personnel for milled production. The Casa de Moneda de Guatemala finally transitioned to milled coinage in 1753, making this type the last cob series struck there.