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Posted 10/11/2024 4:27 pm
Thank you, Errers and jbuck!
The 1934 and 1935 pesos are particularly interesting, as explained by Numista:
The 1934 and 1935 pesos are particularly interesting, as explained by Numista:
Quote:
These coins were minted as a warranty for the banknotes printed simultaneously and were not intended to circulate. However, many coins show signs of heavy circulation.
The 1934 issue has the digits"3" and "4" of the date intertwined, which reminded some of the hammer and sickle used as communist symbols. That is assumed to be why the following years had the date digits separate. There is no reason for this as Jaime Valls had no communist ideology.
All issues are fairly scarce, but 1937 is harder to find. It is believed that in 1950 the coins were released as a warranty, as the banknotes were to be backed by gold reserves and foreign currencies. National Bank decided to keep a certain quantity each year with numismatic purposes and to melt the rest. By mistake all the 1937 coins were sent to be melted, but when loading the vessel, a bag of this year broke and the contents fell to land. Not all coins were retrieved, so those coins and circulating examples are the few still in existence.
These coins were minted as a warranty for the banknotes printed simultaneously and were not intended to circulate. However, many coins show signs of heavy circulation.
The 1934 issue has the digits"3" and "4" of the date intertwined, which reminded some of the hammer and sickle used as communist symbols. That is assumed to be why the following years had the date digits separate. There is no reason for this as Jaime Valls had no communist ideology.
All issues are fairly scarce, but 1937 is harder to find. It is believed that in 1950 the coins were released as a warranty, as the banknotes were to be backed by gold reserves and foreign currencies. National Bank decided to keep a certain quantity each year with numismatic purposes and to melt the rest. By mistake all the 1937 coins were sent to be melted, but when loading the vessel, a bag of this year broke and the contents fell to land. Not all coins were retrieved, so those coins and circulating examples are the few still in existence.
Inordinately fascinated by bits of metal with strange markings and figures
