1 Real Rafael Carrera

Rafael Carrera ruled Guatemala from 1844 until his death in 1865, spending much of that period consolidating conservative and clerical power against the liberal reforms sweeping Central America. This silver real was struck during the final years of his presidency-for-life designation, granted by the Guatemalan assembly in 1854. The .903 fineness was a modest reduction from earlier colonial-era standards, reflecting the chronic fiscal strain that plagued Central American republics throughout the mid-nineteenth century.

KM#132 is a short-lived type, produced across just two years before further monetary adjustments.