Coins of Early Independent Chile

Chile declared Independence from Spain in 1817 and struck silver Volcano Pesos that same year.

Rather than list the coins by normal types I'm beginning to just follow a purely chronological listing.

click the pix for a view of both sides

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Volcano Peso, uncirculated
(Jeff Zarit, 1999 NYI)

This is Chile's 1st coin type - the Volcano Peso.  Specimens of 1817, with the Y offset and assayer F.J. are by a great margin, the most common. Other dates than 1817 were minted in quantity but are much scarcer today. It appears that a lot of the other early dates of this series were exported to Brazil and were overstamped for their 960 reis coins.



1819 8 Escudos
2 Flags or Dos Bandaras type
type - I
uncirculated (PCGS-64)

Heritage New York International, 2014, lot 23327
ex-Stacks New York International, New York, 2011, lot 1512

This one I attempted to buy in 2011 but I lost it. It reappeared for sale in 2014 where I acquired it. This is a type I where the Volcanos look like "lumpy hills".

Probably what is shown here is the reverse. The date "1818" commemorates when Chile declared Independence following the defeat of a Spanish Army in 1817. The date the coin was struck is shown on the flip side & is 1819.

What you may deduce from these coins is that, despite being a relatively small country, Chile has 10% of the world's active Volcanoes! They were obviously proud of this, the gold having two volcanoes with the silver coins having just one.

These coins appear with a more or less uniform spread over the date range: unlike the silver Volcano Pesos.

1832 8 Escudos
2 Flags or Dos Bandaras type
type - II
uncirculated (NGC-64)

Heritage New York International, 2014, lot 23328
ex-Eliasberg auction, New York, 2005



 

The date "1818" commemorates when Chile declared Independence following the defeat of a Spanish Army in 1817. The date the coin was struck is shown on the flip side & is 1832.

This one I viewed in 2005 when I went to the Eliasberg auction but was unsucessful in buying it back then. Actually I tried to buy the lower grade (ms-62), hairlined, 1818, and lost that one (to Don Canaparo). The 1832 reappeared for sale at Heritage in Jan, 2014. This is a type II, or "improved Volcano". I don't know when the transition between the types occurred.



1838 8 Escudos Hand on Book
Mano Sobre Constitucion,
(Hand Over Constitution)
  uncirculated (NGC-62)
Eliasberg Auction, American Numismatic Rarities, New York, 2005



 

This one I bought in New York when I attended the ANR Eliasberg auction in 2005.

The coin originally came from the John Clapp Collection, whom I believe was a US diplomatic offical in Latin America in the late 1800's. Of the Hand on Book types offered there, this one was the nicest.

Surprisingly enough, a friend of mine bought one of the other Hand on Books and an acquaintance bought one of the earlier types, the 1818 Volcano 8 Escudos in semi P/L unc at this same auction (Eliasberg).

The 4 escudos of the same type was quite expensive at Eliasberg

Oh, in case anyone's interested the legend reads "Equality Before the Law"


1839 8 Reales Condor Breaking Chain
AU grade


This is the 2nd type: the Condor Breaking Chain type. Finally after much waiting I was also able to get one of these although not in the condition desired. These coins typically have a flat strike thus full details are usually visable only on high grade, well struck specimens




1841 Two Flags (Dos Bandaras)
8 Escudos, EF-40
Carlos Jara


 

This type was actually Chile's 1st type of gold coin and was issued before the Hand on Consitution (Mano Sobre Constitucion) type. However, a number of pieces were made from 1836-1841 for engraver trials of the 8E's.




1845 Two Flags (Dos Bandaras)
8 Pesos, (4 Escudos)
EF-45 but w/ small rim bruise
Carlos Jara


 



Facing Condor
1885/4 Peso, uncirculated

If you look closely at the Condor's feet you can see remains of the broken chains which it had been biting on in the type of 1838-39.




Condor type I
1895 Peso, uncirculated


This is the standard turn of the century type

Actually it's a Condor, not an Eagle.




Condor type II
1903 Peso, uncirculated




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