Evolution? Of The Cuban Peso - Coin Community Forum

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Author	Replies: 6 / Views: 1,547
Gronkikachi New Member Cuba 27 Posts	Posted 10/31/2015 12:53 am There have been several designs of Cuban pesos along the years, but these two are perfect to illustrate my point. Take a look at these two Cuban coins. They have both similar face value-1 PESO. They are very similar in design too. The wording above is very similar too: PATRIA Y LIBERTAD - FATHERLAND AND LIBERTY and PATRIA O MUERTE - FATHERLAND OR DEATH Ok, FATHERLAND OR DEATH definitely sounds more dramatic :) However, the one from 1932 is made of .9000 silver and the one from 1987 is made of brass. Not only that, the modern peso has also shrinked! Look at the awesome size of that silver coin in contrast. Makes you feel you are holding real money! All of which makes me wonder if there has been a real "evolution" in currency, despite all the new technologies and stuff. Is it the same in all countries? Report this Post to the Staff

Joe2007 Pillar of the Community United States 3843 Posts	Posted 11/01/2015 12:38 am Very interesting! In the U.S. we shifted away from silver coinage in 1964 causing large amounts of pre-1964 coinage to be hoarded as 'real money'. Still today there are many people that like to purchase and hold "Constitutional" silver, i.e. pre-1964 Halves, Quarters, and Dimes as a hedge against economic collapse. Report this Post to the Staff
Sap Moderator Australia 16829 Posts	Posted 11/01/2015 04:36 am Quote: All of which makes me wonder if there has been a real "evolution" in currency, despite all the new technologies and stuff. Is it the same in all countries? Yes. Inflation is a universal concept, and has been ever since the invention of coinage. It's "normal" for coins to be made of smaller and less valuable pieces of metal as time progresses. Fifty years is a typical lifespan for a coin denomination. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
Gronkikachi New Member Cuba 27 Posts	Posted 11/09/2015 02:11 am Thank you, guys for your interesting answers! Joe, I think I read after 9/11 banks in US were closed for a week, so maybe keeping a few silver coins is not a bad idea. I certainly do, just in case. Sap, currently, most Cuban coin denominations are made of aluminium. What will come next, then? Report this Post to the Staff
jbuck Moderator United States 188513 Posts	Posted 11/09/2015 09:39 am Nice to see the comparison. Thank you for sharing. Quote: Fifty years is a typical lifespan for a coin denomination. The twits in Washington did not get that memo. Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Sap Moderator Australia 16829 Posts	Posted 11/09/2015 10:02 am Quote: Sap, currently, most Cuban coin denominations are made of aluminium. What will come next, then? Smaller pieces of aluminium... or stainless steel... or the abolition of the denomination. As I implied, the Cuban 1 peso coin is already well past it's expected lifespan. I suspect the only reason it is still around is because Cuba is a controlled economy; if the exchange rate (and therefore the value of the peso) had been left to free market forces, the peso would have long ago gone the way of most other post-communist currencies. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis Report this Post to the Staff
Bacchus2 Pillar of the Community United Kingdom 2878 Posts	Posted 11/09/2015 1:00 pm Quote: Sap, currently, most Cuban coin denominations are made of aluminium. What will come next, then? Cashless society - it has begun http://www.dailymail.co.uk/news/art...ferings.html http://www.cbsnews.com/news/sweden-...ess-economy/ My Papal States coin collection: https://diadumenian.com/Papal%20Sta...0States.html Medieval coins collection: https://diadumenian.com/Congressofp...0Europe.html Indian Rupee Collection: https://diadumenian.com/Congressofp...0Rupees.html Minor world Silver: https://diadumenian.com/Congressofp...20coins.html Report this Post to the Staff
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