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1960 Venezuela Silver 25 Centimos

Obverse
Reverse

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 
Desgr. / Engr.:
Obverse: National arms
Reverse: Head of Bolivar left
Edge: Reeded

Issue

Year:
1960
Mint:
Mintage: 48,000,000
Scarcity:
Valuation:
Notes:
Grades & Prices Available 
(VF) Sold
(VF+) Sold
(EF) Sold
(AU) Sold
(UNC) Sold

Specifications

Composition: Silver
Fineness: 0.8350
Weight(g): 1.2500g
Weight(Oz): 0.04 Oz
Net Content: 0.03 Oz (1.04g)
Bullion Value: $0.61
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

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