2 Pounds - Chiloé

Chiloé, the large island archipelago off southern Chile, spent decades under Spanish colonial control after the mainland had already fallen to patriot forces — it was the last territory in South America to be incorporated into an independent republic, finally surrendering in 1826. This coin appears to be part of Chile's ongoing regional identity series, which has drawn on that layered colonial and indigenous history.

The colorized brass format places it firmly in the modern commemorative collector market rather than circulation.