VENEZUELA. Venezuela - Spain. Caracas. 2 Reales, 1818-BS. NGC VF Details--Holed.
KM-C-36; Stohr-15a. Overstruck on an cut-down 1808 Spanish 2 Reales (Pistareen) of Charles IV (IIII). The overstrike is strong, though slightly uneven, displaying evidence of the original legends in the peripheries with the last three digits of the date "808" clear on the reverse between 1 o'clock and 2 o'clock. This wholesome looking survivor exhibits even wear displaying light attractive mottled gray patina with areas of richer coloration. A piercing at 6 o'clock accounts for the details designation. Despite its shortcoming, this pleasant piece is sure to be a welcome addition to the next collection it enters.
According to famous Venezuelan numismatic author Tomas Stohr these overstruck issues were struck under the Republic of Gran Colombia in 1830. There does not appear to be a clear start date for when these issues began, but a clear end date of 13 October 1830 when the mint in Caracas was closed and all production ceased.
Estimate: $600 - $800