1 real. Spanish Monarchy. Ferdinand VII (1808-1833). 193 (ca. 1817-1824). Caujaral (Barinas). V. Chipi-Chipi. Very rare. Attractive cabinet toning. These distinctive imitation coins, known as “Chipi-Chipi,” bear fictitious three-digit dates and were struck between 1817 and 1824. Contrary to earlier claims, they circulated with a certain degree of acceptance in the territories under General José Antonio Páez in the Venezuelan Llanos. Their usage was due more to the authority and respect commanded by Páez than to any confidence in their weight or silver content.Recent studies have shown that their silver content was not as low as previously believed. In his reference work on counterfeit cob coinages from Venezuela and Colombia, Rosenman famously labeled this type as the unacceptable 1 real, highlighting its poor craftsmanship and questionable legitimacy.Unlike other provincial mints that issued provisional imitation cobs during and shortly after the War of Independence, this particular issue was produced in a markedly crude fashion. Dies were locally engraved, often with randomly arranged numerals and letters, and the coins were struck without adherence to any specific weight standard. In fact, many specimens marked as “1 real” weigh closer to a half real.Despite the large number of known dies—which suggests a relatively broad production—surviving examples are quite rare today, most likely due to contemporary rejection and subsequent melting. Choice F. AU. Cal. Type 129, unlisted. Km. Type 2, unlisted. Ag. 1,85.

Lot description

Ferdinand VII (1808-1833). 1 real. "193" (ca. 1817-1824). Caujaral (Barinas). V. (Cal-Type 129, unlisted). (Km-Type 2, unlisted). Ag. 1,85 g. "Chipi-Chipi". Very rare. Attractive cabinet toning. These distinctive imitation coins, known as “Chipi-Chipi,” bear fictitious three-digit dates and were struck between 1817 and 1824. Contrary to earlier claims, they circulated with a certain degree of acceptance in the territories under General José Antonio Páez in the Venezuelan Llanos. Their usage was due more to the authority and respect commanded by Páez than to any confidence in their weight or silver content.
Recent studies have shown that their silver content was not as low as previously believed. In his reference work on counterfeit cob coinages from Venezuela and Colombia, Rosenman famously labeled this type as "the unacceptable 1 real," highlighting its poor craftsmanship and questionable legitimacy.
Unlike other provincial mints that issued provisional imitation cobs during and shortly after the War of Independence, this particular issue was produced in a markedly crude fashion. Dies were locally engraved, often with randomly arranged numerals and letters, and the coins were struck without adherence to any specific weight standard. In fact, many specimens marked as “1 real” weigh closer to a half real.
Despite the large number of known dies—which suggests a relatively broad production—surviving examples are quite rare today, most likely due to contemporary rejection and subsequent melting. Choice F/AU. Est...1500,00.

Starting bid

500 €

Current bid

500 €

Bid history ( bids)

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Lot 381 - Spanish Monarchy

Historical Background

Lot description