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8 Reales - Carlos III

Issuer Casa de Moneda de Guatemala
Year 1786-1787
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Composition Silver (.896)
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Obverse script Latin
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Reverse description The crowned arms of Spain occupy the central field, featuring the quartered royal coat of arms with castles of Castile and lions of León, centered by a smaller oval escutcheon bearing the Bourbon fleur-de-lis. The shield is flanked on either side by the Pillars of Hercules, each draped with a banner, symbolizing the Strait of Gibraltar and the Spanish Empire beyond. A royal crown surmounts the entire composition. The surrounding legend • HISPAN • ET IND • REX • NG • 8R • M • runs along the periphery, denoting the king's titles and the mint, denomination, and assayer marks of the Guatemala City mint.
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Additional information

Carlos III's monetary reforms of 1772 mandated the milled portrait coinage across all Spanish American mints, replacing the cob-style macuquinas that had dominated colonial currency for over a century. Guatemala's mint — established in Santiago de los Caballeros before the 1773 earthquake forced the city's relocation — was among the slower adopters, still working through transitional issues into the mid-1780s.

The KM#36.2a designation reflects a specific assayer variation within the Guatemala series, a detail that matters considerably for date attribution given how few die combinations were produced across 1786–87.

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