1 Real

Honduras adopted nickel brass for this issue at a moment when most Latin American republics were still committed to silver coinage — a pragmatic concession to chronic silver shortages that plagued Central American mints throughout the 1860s. The Tegucigalpa mint had neither the consistent silver supply nor the institutional stability to maintain a reliable silver fractional coinage, and this alloy offered a workable substitute.

The series ran only two years before being discontinued, leaving KM#33 among the shorter-lived Honduran issues of the nineteenth century.