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| Issuer | Ionian Islands, United States of the (1815-1864) |
|---|---|
| Year | 1814 |
| Type | Standard circulation coin |
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| Reverse description | Host coin reverse of the Spanish 2 Reales, displaying the elaborately quartered crowned shield of the Spanish royal arms, incorporating the castles of Castile and lions of León, flanked by the crowned Pillars of Hercules with scroll banners. The legend surrounding the shield identifies Philip V by name and title. The field retains the full heraldic composition of the original Spanish issue with fine engraved detail. |
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| Reverse lettering | * PHILIPPVS * V * D * G * II J (Translation: Philip V by the grace of god 2 reales) |
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| Additional information |
The Ionian Islands came under British protection in 1815 via the Treaty of Paris, but this piece was struck a year earlier — during the transitional moment when British administration was being established following the collapse of French control under Napoleon. The United States of the Ionian Islands was a nominally self-governing republic, but the British Lord High Commissioner held effective authority, making these coins a British colonial issue in all but name.
The 60 Para denomination was calibrated to circulate alongside Ottoman currency, reflecting the economic reality of a population long accustomed to Turkish monetary units.