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1964 (m) Venezuela 5 Cents

Obverse
Reverse
Item Notes
General
Type: Venezuela 5 Cents 
Years: 1964 - 1965  Cat. Num.: Y# 38.2 
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: REP┌BLICA DE VENEZUELA 
Reverse: Denomination within wreath 
Legend: 5 CENTIMOS 
Edge:  
Purpose: Circulation 
Issue
Year:
1964 (m)
Mint: Madrid 
Mintage: 40,000,000 
Scarcity:
Valuation:
 
Notes:  
Grades & Prices Available 
(UNC)
$0.50
Price Guide Full Country Catalogue Find this Coin on eBayFind this Coin on eBay
Specifications
Composition: Copper-Nickel 
Fineness: N/A 
Weight (g): 2.5000g 
Weight (Oz): 0.08 Oz 
Net Content: N/A 
Bullion Value: N/A 
Alignment:
Coin 
 
Diameter: 19.80mm 
Thickness:  
Description

The bolÝvar was adopted by the monetary law of 1879, replacing the short-lived venezolano at a rate of 5 bolÝvares = 1 venezolano. Initially, the bolÝvar 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 bolÝvar unlimited legal tender, and the gold standard came into full operation in 1910. Venezuela went off gold in 1930, and in 1934 the bolÝvar exchange rate was fixed in terms of the U.S. dollar at a rate of 3.914 bolÝvares = 1 U.S. dollar, revalued to 3.18 bolÝvares = 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 bolÝvar 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
1964 (m) 40,000,000 $0.05 $0.10 $0.20 $0.50 $1.00
Price Guide Full Country Catalogue
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