-40%

TWO 25 CENTAVO COINS, 1943 & 1953, from EL SALVADOR – very different!

$ 11.73

Availability: 100 in stock
  • Return shipping will be paid by: Buyer
  • Certification: Uncertified
  • Item must be returned within: 14 Days
  • Year: 1953
  • All returns accepted: Returns Accepted
  • Country/Region of Manufacture: El Salvador
  • Composition: Silver
  • Refund will be given as: Money Back
  • Circulated/Uncirculated: Circulated
  • Denomination: Centavo
  • Restocking Fee: No

    Description

    TWO 25 CENTAVO COINS, 1943 & 1953, from EL SALVADOR – very different!
    Well, ya gotta wonder what happened to the value of the El Salvadoran
    colón
    between 1943 and 1953.
    El Salvador left the gold standard in 1931 and the value of the
    colón
    (which had been fixed at 2:1
    vis-à-vis
    the U.S. dollar) was floated.
    The two coins for auction here suggest to me that the floated
    colón
    declined seriously in value between 1943 and 1953.
    Both coins are nominally 25
    centavos de colón,
    but the 1953 coin is far smaller than the 1943 coin of the same nominal value.
    The obverse of the 1943 coin features a bust of Gen. Francisco Morazán –the main national hero of Centroamérica—surrounded by the words “REPÚBLICA DE EL SALVADOR” and the date “1943”.
    The reverse give the value “25 CENTAVOS” within a wreath.
    The coin measures 29 mm in diameter and has a reeded edge.
    According to information on the internet, it is composed of .900 fine silver and weighs 7.5 grams.
    Now fast forward to 1953 and the 25 centavo coin, though still composed of .900 fine silver, has been reduced to just 18 mm diameter and only 2.5 grams weight.
    The obverse of the 1953 coin features a bust of José
    Matías Delgado surrounded by the words “REPUBLICA DE EL SALVADOR” and the date “1953”.
    The reverse gives the value “25 CENTAVOS” within a wreath. The edge is reeded.
    So, what happened to cause the intrinsic value of the
    colón
    to decline so during this 10-year period? (If you know, please e-mail me the explanation; I’d like to know.)
    Winning bidder will receive the exact two coins pictured here.