Nicaragua 1962 5 centavos

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from the Stack's Bowers 2017 ANA sale, part of lot 21311
Nicaragua SB817-21311b.jpg

This specimen is from a type struck 1962-65 for Nicaragua, replacing a very similar design issued 1939-56 with different edge lettering. All dates are common. In 1967, the brutal and corrupt Luis Somoza died of a heart attack and was succeeded by his brutal, corrupt and incompetent brother, Anastasio, with baleful consequences for Nicaragua. The specimen was part of lot 21311 in Stack's Bowers ANA Auction (Denver, CO, August 2017), which sold for $822.50. The catalog description[1] noted, "NICARAGUA. Two Piece Proof Set, 1962. Royal Mint, London. KM-17.2 & 24.2; Flores-pg. 38 & 44. Incuse lettering on edge "B C N". Set includes a 5 Centavos graded PROOF 66 ULTRA CAMEO, while the 10 Centavos graded PROOF 66 CAMEO. Identical to the previous issues with the exception of the change in edge lettering from "B N N" to "B C N" and as such are the first issues of the Banco Central de Nicaragua. Both exhibit hard flashy proof surfaces as would be expected being Royal mint products with frosted cameo devices. A lovely matched set and sure to excite Nicaraguan collectors. From the Richard Stuart Collection."

Recorded mintage: 3,000,000 plus a few proofs.

Specification: copper-nickel, 17 mm diameter.

Catalog reference: KM 24.2.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • [1]Ponterio, Richard, Kyle Ponterio and Chris Chatigny, The August 2017 Denver ANA Auction: Ancients, Selections from The Richard Stuart Collection & World Coins, Santa Ana, CA: Stack's Bowers LLC, 2017.

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