Cuba 1989 50 pesos Fr-21

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from Heritage sale 3114, lot 33413
H3114-33413r.jpg

This specimen was lot 33413 in Heritage sale 3114 (New York, January 2024), where it sold for $2,100. The lot description[1] noted, "Cuba. Republic gold "Jose Marti" 50 Pesos (1/2 oz) 1989 MS69 NGC, Havana mint. One of several representatives from the recognizable "Patria Y Libertad" series in this sale, this piece bathed in a soft orange tone and tied at the penultimate grade on the NGC census." Desperate for foreign exchange, Cuba has issued large numbers of NCLT's, many only vaguely related to Cuba. Marti, best known as the author of "Guantanamera", has been adopted as a hero of the Cuban revolution, tho it seems unlikely that he would have much sympathy with the Communists. The bust used here originally appeared on the Cuban gold issues of 1915-16, minted in Philadelphia. It was struck 1988-90 along with a 25 and 100 pesos.

Recorded mintage: 150 plus 15 proofs.

Specification: 15.55 g, 0.999 fine gold, 0.500 troy oz AGW.

Catalog reference: Fr-21, KM 214, Aledon-312.

Source:

  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 9th ed., Clifton, NJ: Coin and Currency Institute, 2017.
  • Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.
  • [1]Cristiano Bierrenbach, Warren Tucker and Sam Spiegel, 2024 January 16 - 18 NYINC World Coins Signature Auction #3114, Dallas, TX: Heritage Auction Galleries, 2023.

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