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1960 Venezuela Silver 25 Centimos

Obverse
Reverse
Item Notes
General
Type: Venezuela Silver 25 Centimos 
Year: 1960  Cat. Num.: Y# 35a 
Country: Venezuela  Period: Republic 
Currency: Venezuelan bolivar  Face value: 25 Centimos 
System: Second reform  100 Centimos = 1 Bolivar 
Desgr/Engr:  
Obverse: National arms 
Legend: REPÚBLICA DE VENEZUELA · 25 CENTIMOS · GR·1.25 LEI·835 · 
Reverse: Head of Bolivar left 
Legend: BOLÍVAR LIBERTADOR 
Edge: Reeded 
Purpose: Circulation 
Issue
Year:
1960
Mint:  
Mintage: 48,000,000 
Scarcity:
Valuation:
 
Notes:  
Grades & Prices Available 
(VF) Sold
(EF) Sold
(AU) Sold
(UNC) Sold
Price Guide Full Country Guide .Find this Coin in eBay
Specifications
Alignment:
Coin 
 
Composition: Silver 
Fineness: 0.8350 
Weight (g): 1.2500g 
Weight (Oz): 0.04 Oz 
Net Content: 0.03 Oz (1.04g) 
Bullion Value: $0.61 
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.

Value Range
Year Mintage G F VF EF AU UNC BU PROOF
1960 48,000,000 $1.00 $1.75 $2.75 $3.25 $3.75 $4.25
Price Guide Full Country Guide
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