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2 Reales - Carlos III

Issuer Casa de Moneda de Chile
Year 1773-1789
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Orientation Medal alignment ↑↑
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Reverse description Central crowned shield of the Spanish royal arms, quartered with the castles of Castile and lions of León, with a smaller oval escutcheon of the Bourbon dynasty at the center. The shield is flanked on either side by the Pillars of Hercules, each surmounted by a crown and wound with a banner, representing the Strait of Gibraltar. The denomination mark 2R and assayer initials appear to the left of the shield. The encircling legend HISPAN ET IND REX identifies the monarch as King of Spain and the Indies, with all elements separated by ornamental dots.
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Mint (So)
Casa de Moneda de Chile,Santiago, Chile (1743-date)
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Additional information

Carlos III's monetary reforms of the 1770s pushed the Santiago mint toward the new milled coinage format, displacing the cob-style macuquinas that had dominated colonial circulation for over a century. The Chilean mint was a relative latecomer to this transition — Mexico City and Lima had been striking milled coinage since the 1730s. Santiago's adoption came under considerable pressure from Madrid, which wanted uniformity across its American mints.

KM#30 spans a sixteen-year window that saw significant assayer changes at the Santiago facility, producing notable variation in die workmanship across the run.