1965 (m) Venezuelan 5 Cents

Obverse

Reverse

Type Details

Country:	Venezuela
Period:	Republic
Face value:	5 Cents
Dates:	From 1958 to 1971
Purpose:	Circulation

Obverse:	National arms, stars above
Legend:	REPÚBLICA DE VENEZUELA

Reverse:	Denomination within wreath
Legend:	5 CENTIMOS

Edge:	Smooth

Catalogue:	Y# 38

Currency

Mint Marks:
Unit:	Venezuelan bolivar
System:	Second reform coinage

Fractions:	100 Centimos = 1 Bolivar

A, (a) - Monnaie de Paris, Paris, France (aa) - Altena, Germany (b) - Berlin, Germany (bb) - La Monnaie Royale de Belgique, Brussels, Belgium (c) - Caracas, Venezuela (cc) – Canada (d) - US Mint, Denver, Colorado, United States H, Heaton - Heaton and Sons, Birmingham, United Kingdom (l) - The Royal Mint, London, England (m) - Real Casa de la Moneda, Madrid, Spain (mm) - Casa de Moneda de México, Mexico City, Mexico (o) - The Royal Canadian Mint, Ontario, Canada (p) - US Mint, Philadelphia, Pennsylvania, United States (s) - US Mint, San Francisco, California, United States (sc) - Vereinigte Deutsche Nickel-Werke, Düsseldorf, Germany (w) - Vereinigte Deutsche Metallwerke, Werdohl, Germany

Grades & Prices Available

	(VF+)		Sold

Selected Item Notes:

Issue

Year:	1965 (m)
Mint:	Madrid
Mintage:	60,000,000
Scarcity:
Valuation:
Notes:	Y# 38.2 minted in Madrid (Spain).

Specifications

Total Weight:	2.5000g (0.08 Oz)
Composition:	Copper-Nickel
Alignment:	Coin
Diameter:	19.80mm
Thickness:	1.06mm

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.

Varieties:

Y# 38.1 (1958) minted in Philadelphia (USA).
Y# 38.2 (1964-1965) minted in Madrid (Spain).
Y# 38.3 (1971) minted in Ontario (Canada).

Value Range

Year	Mintage	G	F	VF	EF	AU	UNC	BU	PF
1965 (m)	60,000,000						$0.50	$1.70