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8 Reales - Fernando VII Countermarked Republican Coinage
| Issuer | Republic of Peru |
|---|---|
| Year | 1824 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | 27 g |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | PERU LIBRE 1822 |
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| Reverse lettering | Log in to see details |
| Edge | Reeded |
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| Additional information |
When the newly independent Republic of Peru lacked the infrastructure to mint its own coinage immediately after breaking from Spain, the provisional government authorized the countermarking of existing Spanish colonial 8 reales — including those still bearing the portrait of Fernando VII — to legitimize them as republican currency. The irony of a crown portrait circulating under republican authority was apparently considered less problematic than a coin shortage.
KM#130 pieces vary considerably in countermark placement and strike depth, a direct result of the improvised nature of the operation. Countermarks applied off-center or partially struck are common and carry no premium penalty in specialist collections.