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4 Reales - Carlos III

Issuer Casa de Moneda de Chile
Year 1760
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Currency Real (1541-1817)
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Reverse description The classic 'Pillar Dollar' or columnario design features two crowned hemispheres of the globe at center, draped with a royal crown above, and flanked by two crowned Pillars of Hercules, each with a banner. Wavy lines representing the seas are visible beneath the hemispheres. Small rosette ornaments appear in the field on either side. The date '1760' is inscribed in the lower exergue, and the circular Latin legend 'VTRAQUE VNUM' runs around the upper periphery, all enclosed within a toothed border.
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Mintage 1760 So J - Ultra rare, 4 known - 965
Additional information

Carlos III never set foot in the Americas, yet his monetary reforms shaped every coin struck in his name across the colonial mints. The 1760 Santiago issue predates his 1772 decree mandating the transition from cob-style macuquina coinage to the milled bust coinage — meaning this piece was struck under older production methods, hand-hammered from a crudely shaped planchet rather than mechanically rolled and cut.

Santiago's 4 Reales from this transitional decade are notoriously irregular in strike and centering, a direct consequence of the assayer's workflow rather than negligence.

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