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Live auction - fwo_524160 - VENEZUELA - REPUBLIC 20 Bolivares 1880 Paris

VENEZUELA - REPUBLIC 20 Bolivares 1880 Paris VF/XF
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All winning bids are subject to a 18% buyer’s fee.
Estimate : 400 €
Price : 315 €
Maximum bid : 325 €
End of the sale : 09 April 2019 17:33:21
bidders : 5 bidders
Type : 20 Bolivares
Date: 1880
Mint name / Town : Paris
Quantity minted : 84000
Metal : gold
Millesimal fineness : 900 ‰
Diameter : 21,50 mm
Orientation dies : 6 h.
Weight : 6,43 g.
Edge : cannelée
Rarity : R1
Catalogue references :

Obverse


Obverse legend : BOLIVAR - LIBERTADOR.
Obverse description : Tête nue de Simon Bolivar à droite ; signé BARRE au-dessous.
Obverse translation : (Bolivar le libérateur).

Reverse


Reverse legend : ESTADOS UNIDOS DE VENEZUELA/ GR. 6.4516 1880. LEI 900..
Reverse description : Écu aux armes du Vénézuéla dans une couronne composite surmonté de cornes d'abondance entrecroisées déversant leurs fruits, entre une branche de laurier et une branche d'olivier ; au-dessous, un bandeau.
Reverse translation : (États-Unis du Vénézuéla).

Commentary


Le Venezuela entra dans l'Union Latine en 1879. Le système monétaire resta inchangé jusqu'en 1936. On estime que seulement 10 % du total des exemplaires frappés ont été distribués. Il s’agit ici de la première année d’émission.

Historical background


VENEZUELA - REPUBLIC

(since 1843)

Venezuela revolted against Spanish tutelage and proclaimed its independence on July 5, 1811. Miranda was the first president (1750-1816), but the Spanish quickly regained possession of the country. Simon Bolivar (1783-1830) defeats the Spaniards on June 24, 1821 and gives Venezuela its definitive independence. He will be president of the confederation formed by Peru, Colombia and Venezuela, but will die in exile.

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