2 Reales - Carlos III

Carlos III's monetary reforms of the 1770s pushed the Santiago mint toward the new milled coinage format, displacing the cob-style macuquinas that had dominated colonial circulation for over a century. The Chilean mint was a relative latecomer to this transition — Mexico City and Lima had been striking milled coinage since the 1730s. Santiago's adoption came under considerable pressure from Madrid, which wanted uniformity across its American mints.

KM#30 spans a sixteen-year window that saw significant assayer changes at the Santiago facility, producing notable variation in die workmanship across the run.