Counterstamped u on chilean un centavo coin,need help identifying the Countersta

The coin weighs around 5 grams and is 21.3 mm. When I bought the coin he said it was a plantation token.

This is the coin: N#21914

Someone is selling a similar piece for around 1000 USD: https://articulo.mercadolibre.cl/MLC-1402731607-moneda-antigua-un-centavo-chile-1871-economia-es-riqueza-_JM#position=2&search_layout=stack&type=item&tracking_id=5e39324a-2057-41e6-9050-7c7748c5aa4a

Couldn't find the history about the U

Thanks for helping identify the coin 

Hi Coinwalla,

Be carefull with those “counterstamped” chilean 1 centavo and 2 centavos pieces of that period.

Mostly the coins are legit, but it is very difficult to know wether they were conterstamped for a "second use" (nitrate company tokens or plantation tokens or something similar) or if somebody had a nice afternoon stamping big letter on them. But something is absolutely sure: they are not USD 1000.- worth!!!!! 

Regards

christianvl

Hi Coinwalla,

Be carefull with those “counterstamped” chilean 1 centavo and 2 centavos pieces of that period.

Mostly the coins are legit, but it is very difficult to know wether they were conterstamped for a "second use" (nitrate company tokens or plantation tokens or something similar) or if somebody had a nice afternoon stamping big letter on them. But something is absolutely sure: they are not USD 1000.- worth!!!!! 

Regards

 

 

christianvl - Thank you for posting. I find this piece interesting 🧐 too, 

and was waiting for someone from Chile to speak about it.

 I have new knowledge and interest of such tokens of Chile !