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1948(p) Venezuela 5 Cents

Obverse
Reverse
Item Notes
General
Type: Venezuela 5 Cents 
Years: 1945 - 1948  Cat. Num.: Y# 29a 
Country: Venezuela  Period: Republic 
Currency: Venezuelan bolivar  Face value: 5 Cents 
System: Second reform  100 Centimos = 1 Bolivar 
Desgr/Engr:  
Obverse: National arms, stars above 
Legend: ESTADOS UNIDOS DE VENEZUELA 
Reverse: Denomination within wreath 
Legend: 5 CENTIMOS 
Edge:  
Issue
Year:
1948(p)
Mint:  
Mintage: 18,000,000 
Scarcity:
Valuation:
 
Notes:  
Grades & Prices Available 
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Specifications
Alignment:
Coin 
 
Composition: Copper-Nickel 
Fineness: N/A 
Weight(g): 2.4000g 
Weight(Oz): 0.08 Oz 
Net Content: N/A 
Bullion Value: N/A 
Diameter: 19.10mm 
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
1948(p) 18,000,000 $0.15 $0.25 $0.60 $1.25 $3.25 $5.50
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