The world of numismatics has always fascinated collectors, and the recent sale of an ancient currency Chilean 1 peso is no exception. These antique pieces can fetch very high prices on the collectors market, especially due to their rarity or the unique details they possess.
The ancient coin that sold for more than $1.2 million
Recently, the numismatic auction house Al Sur del Mundo, in Chile, managed to sell a currency from the 19th century for an impressive amount. It was a 1 peso piece from 1817, known as the “independent peso” of Chile, a historical jewel that was sold for 1,300 dollars, which is equivalent to more than 1.2 million pesos Chileans.
Made of silver, this currency It began to be minted at a crucial moment: the Chilean Independence process. On the obverse, the coin bears the inscription “Liberty, Union and Strength”, while on the reverse it features a volcano, a laurel wreath and the inscription “Chile Independiente – Santiago”.
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Before the Independence of Chile, the country used the monetary system inherited from the Colony. However, with the beginning of the independence process, an attempt was made to symbolically represent the liberation from Spanish rule through new coins. In 1817, this 1 peso silver coin was minted, marking a milestone in Chilean monetary history.
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To facilitate the minting of coins, in 1828 the Coquimbo Mint was created. However, this institution only operated for two years because it failed to reach the standards of its counterpart in Santiago. During that time, silver coins, such as the 1 peso from 1817, began to be counterfeited. In addition, the originals were known for their crudeness, which generated a bad impression among the public, according to the Central Bank of Chile.
