Colonial Period (1524-1823) Coin List
The Colonial Period in Guatemala, which lasted from 1524 to 1823, was a period of profound political, economic and social change. During these three centuries, the region underwent a radical transformation under Spanish rule, which included the introduction of a new monetary system.
Establishment of the colonial monetary system
After the conquest, the Spanish implemented a monetary system based on the silver peso, also known as the "real de a ocho". This system gradually replaced pre-Columbian methods of exchange, such as barter and the use of cocoa beans as currency. The Guatemalan Mint, established in 1733, began minting coins locally, which facilitated trade and tax collection. The first Guatemalan coins bore the Spanish coat of arms and the effigy of the reigning monarch, reflecting colonial authority over the region.
Evolution and impact of colonial currency
Throughout the colonial period, Guatemalan currency underwent several modifications in design and value. The introduction of the "macaco", a low grade silver coin minted in the 18th century, was particularly significant for local trade. These coins, along with higher denomination pieces, facilitated the economic development of the Captaincy General of Guatemala. The colonial monetary system not only impacted the economy, but also influenced social structures, creating new forms of wealth and power. By the end of the colonial period, Guatemalan currency had evolved to reflect both Spanish influence and regional particularities, laying the foundation for the future monetary system of independent Guatemala.
The most valuable and popular coins
The most valuable Colonial Period (1524-1823) coins and sought after by collectors according to Foronum statistics are the following:
The valuation of these coins list has been achieved through a meticulous algorithm that considers the current market, taking into account aspects such as material, weight, diameter, edge, year of mintage, mint of manufacture and the number of coins produced. Coins with limited mintages and in good condition are usually among the most valuable.
Old coins of Guatemala
To facilitate their classification, we have decided to organise the coins according to their historical period, you can consult the coins by historical numismatic categories of Guatemala.
Colonial Period 1524-1823 Federal Era 1823-1829 Farm Coins 1839-1945 Republican Era 1852-1871 Reform Era 1872-1893 Liberal 1894-1924 Modern 1924-?Coin Catalog
Guatemala | 2 escudos
Guatemala | 8 escudos (Ferdinand VI)
Guatemala | 1 1/2 real (Ferdinand VI)
Guatemala | 8 escudos (Ferdinand VI)
Guatemala | 2 reales (Charles III)
Guatemala | 8 escudos (Charles III)
Guatemala | 1 real (Charles III)
Guatemala | 1/2 real (Charles IV)
Guatemala | 2 reales (Charles IV)
Guatemala | 4 reales (Charles IV)
Guatemala | 8 reales (Charles IV)
Guatemala | 1 escudo (Charles IV)
Other resources to find coins and banknotes of Guatemala
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