Numismatics Jewelry Appraisal

1881 Chile 1 Peso Silver Coin Pendant

This item is a 1881 Chile silver 1 Peso coin that has been modified into a piece of jewelry. The obverse side shown features the Chilean national coat of arms of the period, depicting a condor and a huemul (though the huemul is partially obscured by wear) supporting a shield, topped by a plumed crest. Above the emblem is the national motto "POR LA RAZON O LA FUERZA" (By reason or by force). The date "1881" is clearly visible at the bottom. The coin is composed of 0.900 silver. Notably, the coin has been physically altered for use as a pendant; a hole has been drilled through the lower portion of the coin, through which a small metal jump ring has been attached. The condition shows significant signs of circulation and age-related wear, including flattening of the high relief details on the condor's feathers and the central shield. The surface exhibits a dark patina in the recessed areas, which is typical for silver of this age, along with numerous small scratches and contact marks known as 'bag marks.' The drilling of the hole significantly impacts its numismatic (collector) value but adds historical interest as a piece of repurposed coinage jewelry. The craftsmanship of the original strike appears to be of standard government mint quality from the Santiago Mint.