Venezuela 1876 1 centavo
Venezuela fully adopted a decimal coinage system in 1871, with 100 centavos = one venezuelano. By 1879, denominations were renamed centimos and bolivares, such that 100 centimos = one bolivar. A crown was equivalent to five bolivares. The official title of the country from 1864 was 'Estados Unidos de Venezuela', a name it would carry until 1953, when the constitution mandated a return to the name 'Republica de Venezuela'.
Shown is a 1876 1 centavo, minted in Philadelphia. It went unsold as lot 1765 at a Daniel Frank Sedwick LLC auction on Apr 9, 2010. The catalog description reads: "Venezuela (Philadelphia), copper-nickel 1 centavo, 1876, encapsulated ANACS AU-50. Lustrous and with lovely blue toning, curiously weakly struck only on the C, N and V of CENTAVO, vastly underpriced in KM."
Recorded mintage: 8,000,000.
Specifications: copper-nickel.
Catalog reference: Y 25.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1801-1900, 9th ed., Iola, WI: Krause Publications, 2019.
- Stohr, Tomas, El Circulante en la Capitania General de Venezuela, Caracas, Banco Central de Venezuela, 1998.
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