1938 Cuba 1 Peso - ABC Peso - PCGS MS65

  • Grading Service: Professional Coin Grading Service - PCGS
  • Grade: Mint State 65 - MS65
  • Certification: 40849062
  • Country: Cuba
  • Type: Standard Circulation Coin
  • Years: 1934-1939
  • Mint: United States Mint - Philadelphia (1792-Date)
  • Denomination: 1 CUP
  • Currency: Cuban Peso (1914-Date)
  • Composition: .900 Silver
  • Diameter: 38mm
  • Weight: 26.73g
  • Edge: Reeded
  • Mintage: 10,800,000
  • Obverse: Cuban coat of arms, face value to left, country name below coat, fineness and weight on top
  • Reverse: Image of "The Republic" and star to right. Motto "Patria y Libertad" to right, date below motto
  • Reference:  KM# 22, Y# 16
  • Top Pop PCGS; Population 5! (04/29/2021)
These  coins were minted as warranty for the banknotes printed in the same moment, and were not intended for circulation. Many of the coins however show signs of heavy circulation.

The 1934 issue has the digits of the date overprinted, but the "3" and "4", reminded people of the hammer and sickle used as communist symbols. It's possible for that reason, the following years had date digits separated.

All issues are fairly scarce, but 1937 is particularly harder to find. A probable reason is that in 1950 the coins were released as warranty for the banknotes that were to be backed by gold reserves and foreign currencies. The National Bank decided to keep a certain quantity of each year for numismatic purposes while the rest were to be melted. By mistake, all of the 1937 coins were sent to melt. While loading the vessel, a bag of this year broke and its contents fell to land. Not all of the coins were retrieved, so those coins as well as the ones that were in circulation are the few still existance

*Coin condition is based on our professional opinion. Pictures are representative of the coin that you will receive, actual coin may differ slightly, and serial numbers will vary*

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