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2 Reales Countermarked Coinage

Issuer Ecuador
Year 1831
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Reference(s) KM#8
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Reverse lettering CUNDINAMARCA Ba JF 2 R
Edge Chained
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Additional information

Ecuador's first independent coinage was not struck fresh — it was recycled. Facing an immediate shortage of circulating coin after separating from Gran Colombia in 1830, the new government authorized the countermarking of existing Spanish colonial 2 reales pieces already in circulation. The "ECUADOR / 1831" stamp effectively nationalized foreign silver without the expense or infrastructure of a functioning mint.

Ecuador would not open its own mint until Quito began operations in 1833.

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