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60 Réis - Luis I Countermark 'CROWNED G.P.' over 1/2 Real - Carlos III, Mexico

Issuer Azores
Year 1887
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Currency Real (Countermark GP under crown - 1887)
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Obverse lettering CAROLUS·III· DEI.GRATIA
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Edge Reeded
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Additional information

The "Crowned G.P." countermark program of 1887 was Portugal's solution to a chronic small-change shortage in the Azores, authorizing the revalidation of worn Spanish colonial half reales — pieces already decades old and long demonetized on the mainland — for continued circulation in the islands. Carlos III of Spain died in 1788, meaning the host coins entering this program were already a century old at the time of countermarking. That gap between original striking and official revalidation is unusually wide even by the loose standards of 19th-century Portuguese colonial monetary improvisation.

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