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1960 Venezuela Silver 25 Centimos

OBVERSE
1960 Venezuela Silver 25 Centimos
REVERSE
1960 Venezuela Silver 25 Centimos
ITEM NOTES
GENERAL
Type:  Venezuela Silver 25 Centimos 
Origin:  Venezuela  Cat. Num.:  Y# 35a 
Era / Ruler:  Republic  Face Value:  25 Centimos 
Issued from:  1960  Issued until:  1960 
Alignment:  Coin !ˇ   Desgr. / Engr.:   
Obverse:  National arms 
Reverse:  Head of Bolivar left 
Edge:  Reeded 
ISSUE
Year: 1960
Mint:
Mintage: 48,000,000
Scarcity:
10/100
 
Valuation:
10/100
 
Notes:
Grades & Prices available: ?
-> (VF) Sold
-> (VF+) Sold
-> (EF) Sold
-> (AU) Sold
-> (UNC) Sold
Free Price Guide
SPECIFICATIONS
Composition: Silver
Fineness: 0.8350
Weight(g): 1.2500g
Weight(Oz): 0.04 Oz
Net Content: 0.03 Oz (1.04g)
Bullion Value: $0.52
Diameter:
Thickness:
DESCRIPTION

The bolívar was adopted by the monetary law of 1879, replacing the short-lived venezolano at a rate of 5 bolívares = 1 venezolano. Initially, the bolívar was defined on the silver standard, equal to 4.5 g fine silver, following the principles of the Latin Monetary Union. The monetary law of 1887 made the gold bolívar unlimited legal tender, and the gold standard came into full operation in 1910. Venezuela went off gold in 1930, and in 1934 the bolívar exchange rate was fixed in terms of the U.S. dollar at a rate of 3.914 bolívares = 1 U.S. dollar, revalued to 3.18 bolívares = 1 U.S. dollar in 1937, a rate which lasted until 1941. Until February 18, 1983 (now called Black Friday (Viernes Negro) by many Venezuelans), the bolívar had been the region's most stable and internationally accepted currency. Since then, however, it has fallen prey to high devaluation. Exchange controls were adopted since February 5, 2003 to limit capital flight, pegged to the U.S. dollar at a fixed exchange rate of 1600 VEB to the dollar.

PRICE RANGE ?
Year Mintage G F VF EF AU UNC BU PROOF
1960 48,000,000 $0.90 $1.75 $2.75 $3.25 $3.75 $4.25
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