Guatemala 1923 peso

from the Mountain Groan Collection

This type was struck for Guatemala during an inflationary period in the early twenties. By the time the peso was abandoned in 1925 in favor of the new quetzal, one US dollar was sixty pesos. The regime managed to keep the quetzal pegged to the dollar until the 1980's. This type, accompanied by a five pesos, is not rare but is never found in nice condition. Wikipedia comments, "Miguel García Granados y Zavala (1809-78) was a Spanish-born Guatemalan politician and military general who served as President of Guatemala from 1871 to 1873."

Recorded mintage: 1,477,000.

Specification: aluminum bronze, 20 mm diameter.

Catalog reference: KM 233.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
• Raymond, Wayte, The Coins of Central America, Silver and Copper, 1824-1940, New York: Wayte Raymond Inc., 1941.
• Robinson, Charles, The Coins of Central America, 1733-1965, San Benito, TX: 1965.
• Stickney, Brian, A Monetary History of Central America, New York: American Numismatic Society, 2017.

Link to:

• 1915 12½ centavos, provisional
• 1915 25 centavos, provisional
• 1922 50 centavos
• 1925 centavo
• 1925 ½ quetzal
• 1925 1 quetzal
• Coins and currency dated 1923
• return to coins of Guatemala