Venezuela 1903 bolivar
This specimen was lot 3028 in Ponterio sale 164 (New York, January 2012), where it sold for $276. The catalog description[1] noted, "VENEZUELA. Bolivar, 1903. EXTREMELY FINE-ABOUT UNCIRCULATED." Venezuela adopted a decimal coinage system in 1871, with 100 centavos = 1 venezuelano. By 1879, denominations were renamed centimos and bolivares, such that 100 centimos = 1 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'. This product of the Philadelphia mint is a better but not a key date.
Recorded mintage: 800,000.
Specification: 5 g, 0.835 fine silver, 0.2695 oz ASW.
Catalog reference: KM Y-22; Stohr-62.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
- Stohr, Tomas, El Circulante en la Capitania General de Venezuela, Caracas, Banco Central de Venezuela, 1998.
- [1]Ponterio, Richard, Ponterio sale 164: The January 2012 N.Y.I.N.C. Auction, Irvine, CA: Stack's Bowers LLC, 2011.
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