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HISTORY Until 1821, the Spanish Colonial Real circulated in Venezuela. In 1802, a mint was opened in Caracas and issued coins denominated in reales until 1821. Paper money was introduced in 1811 denominated in reales and Pesos . The Colombian Real circulated in Venezuela from 1821, with some coins struck in Caracas. In 1837, the Colombian real was replaced by the Colombian Peso (subdivided into 8 reales), which was itself replaced by the Venezuelan Peso (subdivided into 10 reales) in 1843. The last real-denominated coins were struck in 1863. COINS From 1802, copper ⅛ and ¼ real coins were issued. Silver 1 and 2 reales followed in 1810. In 1812, the Republican government issued copper ⅛ and ¼ real and silver ½ and 1 real. From 1813, the provinces of Guayana and Maracaibo issued copper ⅛ and ¼ real coins. The Royalists issued silver 1, 2 and 4 reales between 1817 and 1821. During the period Venezuela was part of Gran Colombia , silver ¼ real coins were struck at Caracas. REFERENCES EXTERNAL LINKS
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