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Tegucigalpa, Honduras (Central American Republic), 2 reales, 1825NR, rare, NGC VF 25.

Currency:USD Category:Coins & Paper Money / World Coins - World (H-O) Start Price:500.00 USD Estimated At:700.00 - 1,000.00 USD
Tegucigalpa, Honduras (Central American Republic), 2 reales, 1825NR, rare, NGC VF 25.
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Tegucigalpa, Honduras (Central American Republic), 2 reales, 1825NR, rare, NGC VF 25. KM-10 (under Central American Republic). Bold legends, some central weakness and crude rims from off-center strike, but with very light even toning over traces of luster and with no particularly offensive wear or marks, a desirable one-year issue in unique design with mintmark T for Tegucigalpa and assayer initials NR for Narciso Rosal. After the provisional "imitation cob" issues of 1823-4, the Tegucigalpa mint began striking crude round coinage under the Central American Republic in the form of 1R dated 1824 and 2R dated 1825, as we see here, with crude design of sun-over-mountains on obverse and small ceiba tree on reverse, the legends specifically referring to the Central American Republic and showing the fineness as 11 dineros, which equated to the old Spanish colonial cob standard of 91.7% silver, in contrast to the 90.3% standard for the other CAR issues from Guatemala. However, the relative crudity of the Tegucigalpa issues, along with their lower-than-indicated actual fineness, made them unpopular, and they were soon outlawed by decree of May 7, 1825. As a result, these issues (2R and 1R)are both very scarce to extremely rare. NGC #2833729-002.