1 Real - Fernando VII Colonial Milled Coinage

Fernando VII never set foot in the Americas, and by the time this coin was struck at Lima, he was already a prisoner of Napoleon at Valençay. The Lima Mint continued issuing coinage in his name throughout the Peninsular War years as a deliberate assertion of continuity — colonial loyalty performed in silver while the Spanish crown itself was in suspension.

The KM#109 series spans the precise window between the Bayonne abdications of 1808 and the early constitutional period, a run terminated by the political upheaval that would eventually produce Lima's own independence coinage within a decade.