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El Salvador. 1 real. ND (1868). (Cal-616 var). (Restrepo-M70-1 var). . 2,48 g. El Salvador Arms countermark, type V, within a circular border. Issued under the decree of September 28, 1868, on a very rare 1 real coin of 1721 with assayer A (Buenaventura de Arce), struck in Santa Fe de Bogotá (New Kingdom of Granada) during the reign of Philip V. This is an extremely rare specimen and, to date, the only known example of this series with an El Salvador countermark.
Slabbed by PCGS as Genuine VG Details, Damage. C/M on Col. Real - F Details.
In the last 30 years, we have only found one example of this date offered at auction, in addition to the piece housed in the Fitzwilliam Museum in Cambridge, United Kingdom.
On the obverse, the shield consists of lions and castles, with the assayer (A) to the left and the value I tilted to the right. On the reverse, PLV/SVL/NoR between the pillars, with F to the left and S to the right. The full four-digit date appears in the legend. Light toning and the typical perforation seen in these issues.
This coin is particularly important not only because of the countermark but also because it represents one of the earliest silver issues after the creation of the Viceroyalty of the New Kingdom of Granada in 1717, which lasted until 1723 and was re-established in 1739. Its design is similar to the example in the Fitzwilliam Museum, referenced in the specialized catalog of Colombian coins by Jorge Emilio Restrepo.
Examples of this design are known in denominations of 1, 2, 4, and 8 reales, although Buenaventura de Arce’s silver issues are far scarcer than his gold coins. Est...5000,00.
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