Nicaragua 1975 500 cordobas

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from the Stack's Bowers 2017 NYINC sale, part of lot 7057
Nicaragua SB117-7057b.jpg

This specimen was part of lot 7057 in Stack's Bowers NYINC sale (New York, January 2017), which sold for $446.50. The catalog description[1] noted, "NICARAGUA. 200 (2) & 500 Cordobas, 1975. NGC PROOF-69 ULTRA CAMEO. Fr-4 & 6; KM-37 & 39. 3 pieces in lot. Includes one Earthquake Relief 500 Cordobas and two Pieta 200 Cordobas. All pieces are very nearly perfect with no marks or breaks in the frosted devices. All are at the top of the grading populations of each type. Retail value of about $750." This and an accompanying silver fifty cordobas were made and sold to raise funds for earthquake relief. The Managua earthquake of 1972 (Richter scale 6.2) leveled the city center and killed 6,000 persons. Aid was sent to Nicaragua from many countries but its distribution was mismanaged and much of it was stolen by cronies of the dictator Somoza. Outrage at this malfeasance fed into the Nicaraguan revolution of 1979 which overthrew the regime.

Recorded mintage: 1,750 plus 1,250 proofs.

Specification: 5.4 g, .900 fine gold.

Catalog reference: Fr-4, KM 39.

Source:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.
  • Friedberg, Arthur L. and Ira S. Friedberg, Gold Coins of the World, From Ancient Times to the Present, 7th ed., Clifton, NJ: Coin and Currency Institute, 2003.
  • [1]Ponterio, Richard, The January 2017 NYINC Sale: Ancient Coins, World Coins & Paper Money, featuring the Richard Stuart Collection, Santa Ana, CA: Stack's Bowers LLC, 2016.

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