Nicaragua 1956 25 centavos

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from the Stack's Bowers 2022 NYINC sale, lot 2359
SB122-2359r.jpg

This specimen was lot 2359 in Stack's Bowers NYINC sale (New York, January 2022), where it sold for $2,100. The catalog description[1] noted, "NICARAGUA. 25 Centavos, 1956. London Mint. PCGS PROOF-66 Deep Cameo. A VERY RARE proof striking, this coin represents a beautiful issue of Nicaragua that is free from spots or hairline[s]. Certain to be desired by the many collectors of Latin American coins." This specimen is from a type struck 1939, 1946, 1950-56. It is common in circulated condition. It was accompanied by ten centavos and fifty centavos. In 1967, the brutal and corrupt Luis Somoza died of a heart attack and was succeeded by his brutal, corrupt and incompetent brother, Anastasio, with baleful consequences for Nicaragua.

Recorded mintage: 3,000,000 + proofs.

Specification: 5 g, copper-nickel, 23 mm diameter.

Catalog reference: KM-18.1.

Source:

  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • Flores, Luis H., Nicaragua: Its Coins, Paper Money, Medals and Tokens, Managua: La Prensa, 2002.
  • Harris, Robert P., A Guide Book of Modern Latin American Coins, Racine, WI: Whitman Publishiing Co., 1966.
  • 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.
  • [1]Orsini, Matt, Kyle Ponterio and Jeremy Bostwick, The 2022 NYINC Sale: World and Ancient Coins, featuring the Mark and Lottie Salton Collection and the Pat Johnson Collection, Costa Mesa, CA: Stack's Bowers LLC, 2021.

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