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2400 Réis - José I Counterstamp 'MR' over 8 Reales/Santiago
| Issuer | Mozambique |
|---|---|
| Year | 1765 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
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| Technique | Milled, Countermarked |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse script | Latin |
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| Edge | Reeded |
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| Additional information |
Portugal's colonial administrators in Mozambique periodically counterstamped Spanish colonial reales to legitimize foreign silver circulating in the territory and fix its value within the Portuguese monetary system. The 'MR' mark — standing for Moçambique Réis — authenticated the host coin for local use under José I, whose reign saw significant expansion of Portuguese commercial activity along the East African coast.
The Santiago mint in Chile produced the underlying 8 Reales. Getting a Santiago-minted piece to Mozambique at all required traversing trade networks spanning two oceans, which partly explains why surviving examples show a wide range of host coin conditions beneath the counterstamp.