Digital museum showcasing the collection of worldwide legends over the years! 千古不朽博物館展示多年來收藏的世界傳奇故事!
Kingdom of Spain
Charles III 2 reales
(Cuban countermark)
西班牙王國
卡洛斯三世
2里爾
(古巴刻印)
Item number: A351
Year: AD 1841
Material: Silver
Size: 24 x 24 mm
Provenance: Fuchin Coin 2024
This item is a Spain Charles III 2 reales with a countermark, circulated in Cuba after AD 1841. The obverse of the coin features a right-facing bust of Charles III, encircled by a Latin inscription “CAROLUS III·DEI·G·1806,” which translates to “Charles III by the grace of God,” “1806” indicates that this coin was originally minted in AD 1806. Below the face, there is a lattice countermark described in official decrees as “a small square with two lines on each side.” On the reverse side, the coin displays the coat of arms of Castile and León, combining the traditional symbols of Castile (a yellow castle) and León (a purple lion), topped with a royal crown. Surrounding the coat of arms is a Latin legend “HISPANIARUM·REX,” which translates to “King of the Spaniards.” The left side of the coin bears the mark “RM,” signifying the Royal Mint of Spain located in Madrid. On the opposite side is the mark “FA,” representing the mint officials Francisco Herrera and Antonio Goicoechea, with the numeral “2” above “FA” indicating the coin’s denomination as 2 reales. The 2 reales coinage featured four varieties: Charles III, Charles IV, Ferdinand VII, and Joseph Napoleon.
Cuba came under Spanish control after AD 1492 with the arrival of Christopher Columbus. By the mid-19th century, most Latin American countries had achieved independence, but they remained heavily indebted to banks and financial houses in Holland and Spain. Consequently, they resorted to illegal gold payments. Cuba became a vital stopover for Americans traveling to Europe; however, the Spanish King had prohibited the export of gold coins to Americans. This illicit gold export altered the gold-to-silver ratio (from 1:16 to 1:17), prompting foreign debt holders to use silver for repayment, leading to increased demand for silver in the US and France.
Silver, remaining in Cuba, became highly coveted, prompting other countries like the US to employ methods such as countermarking or melting silver to make it legal tender in their own territories. To address the shortage of coinage, Cuba began importing silver coins from Spain, its motherland, as it was forbidden to accept American coins. Spain was displeased by this silver outflow. Eventually, despite the government’s prohibition on importing pesetas sevillanas (coins minted in Spain), it had to acknowledge the substantial number of these coins already circulating on the island.
On March 22, AD 1841, authorization was granted for countermarking, and those possessing these coins had nine days to submit them for the countermarking process. The protocol for executing the countermarking on coins was approved on May 30, with the actual process occurring in September AD 1841. These countermarked coins became standard in Cuba as they resembled the columnarias minted in the colonies and were widely accepted by the public.