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4 Reales

Issuer Republic of Ecuador
Year 1844
Type Standard circulation coin
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Reverse description Bare-headed left-facing bust of Simon Bolivar occupies the central field, with finely rendered hair swept back and a truncated draped shoulder. The engraver's name 'OLIVE' is incused on the truncation. To the left of the bust appears the fineness designation '8' and to the right 'D:' denoting 8 dineros fineness. The date '1844' is positioned in the lower exergual area. The surrounding legend 'EL PODER EN LA CONSTITUCION' arcs around the upper and lateral periphery, with a decorative pellet stop at the border.
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Mintage 1844 MV
Additional information

Ecuador's early republican coinage was struck at the Quito mint, one of the oldest operating mints in the Americas, originally established by the Spanish Crown in 1575. By the 1840s the facility was struggling — inconsistent silver alloy control and worn dies were chronic problems, and the .666 fineness itself reflected a deliberate debasement from colonial-era standards as the young republic managed chronic fiscal pressure.

KM#27 is scarce in any grade above Fine. Most examples encountered today show heavy circulation wear consistent with extended use in regional trade.

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