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.