Item: i109786

Authentic Coin of:

Bolivia under Ferdinand VII – King of Spain: 1808 & 1813-1833
 1821 PTS PJ Silver 8 Reales 38mm (26.92 grams) 0.903 Silver (0.7839 oz. ASW)
Reference: KM# 84
FERDIN . VII . DEI . GRATIA., King Ferdinand VII facing right.
HISPAN . ET IND . REX . PTS . 8R . P . J ., Coat-of-Arms of Spain.

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Ferdinand VII (Spanish: Fernando; 14 October 1784 – 29 September 1833) was twice King of Spain: in 1808 and again from 1813 to his death. He was known to his supporters as the Desired (el Deseado) and to his detractors as the Felon King (el Rey Felón). After being overthrown by Napoleon in 1808 he linked his monarchy to counter-revolution and reactionary policies that produced a deep rift in Spain between his forces on the right and liberals on the left. Back in power in 1814, he reestablished the absolutist monarchy and rejected the liberal constitution of 1812. He suppressed the liberal press from 1814 to 1833 and jailed many of its editors and writers. Under his rule, Spain lost nearly all of its American possessions, and the country entered into civil war on his death.

His reputation among historians is very low. Historian Stanley Payne says:

He proved in many ways the basest king in Spanish history. Cowardly, selfish, grasping, suspicious, and vengeful, [he] seemed almost incapable of any perception of the commonwealth. He thought only in terms of his power and security and was unmoved by the enormous sacrifices of Spanish people to retain their independence and preserve his throne.

Bolivia, officially the Plurinational State of Bolivia (Spanish: Estado Plurinacional de Bolivia), is a landlocked country located in western-central South America. The capital is Sucre while the seat of government is located in La Paz. The largest city and principal economic and financial center is Santa Cruz de la Sierra, located on the Llanos Orientales (tropical lowlands) a mostly flat region in the east of Bolivia.

It is constitutionally a unitary state, divided into nine departments. Its geography varies from the peaks of the Andes in the West, to the Eastern Lowlands, situated within the Amazon Basin. It is bordered to the north and east by Brazil, to the southeast by Paraguay, to the south by Argentina, to the southwest by Chile, and to the northwest by Peru. One-third of the country is within the Andean mountain range. With 1,098,581 km² (424,164 sq mi) of area, Bolivia is the 5th largest country in South America and the 27th largest in the world.

The country’s population, estimated at 11 million, is multiethnic, including Amerindians, Mestizos, Europeans, Asians and Africans. The racial and social segregation that arose from Spanish colonialism has continued to the modern era. Spanish is the official and predominant language, although 36 indigenous languages also have official status, of which the most commonly spoken are Guarani, Aymara and Quechua languages.

Before Spanish colonization, the Andean region of Bolivia was part of the Inca Empire, while the northern and eastern lowlands were inhabited by independent tribes. Spanish conquistadors arriving from Cuzco and Asunción took control of the region in the 16th century. During the Spanish colonial period Bolivia was administered by the Royal Audiencia of Charcas. Spain built its empire in great part upon the silver that was extracted from Bolivia’s mines. After the first call for independence in 1809, 16 years of war followed before the establishment of the Republic, named for Simón Bolívar. Over the course of the 19th and early 20th century Bolivia lost control of several peripheral territories to neighboring countries including the seizure of its coastline by Chile in 1879. Bolivia remained relatively politically stable until 1971, when Hugo Banzer led a coup d’état which replaced the socialist government of Juan José Torres with a military dictatorship headed by Banzer; Torres was murdered in Buenos Aires, Argentina by a right-wing death squad in 1976. Banzer’s regime cracked down on leftist and socialist opposition and other forms of dissent, resulting in the torture and deaths of a number of Bolivian citizens. Banzer was ousted in 1978 and later returned as the democratically elected president of Bolivia from 1997 to 2001.

Modern Bolivia is a charter member of the UN, IMF, NAM, OAS, ACTO, Bank of the South, ALBA and USAN. For over a decade Bolivia has had one of the fastest economic growths in Latin America, however it remains one of the poorest countries in South America. It is a developing country, with a medium ranking in the Human Development Index, a poverty level of 38.6 percent, and it has one of the lowest crime rates in Latin America. Its main economic activities include agriculture, forestry, fishing, mining, and manufacturing goods such as textiles, clothing, refined metals, and refined petroleum. Bolivia is very rich in minerals, especially tin.