Nicaragua 1987 5 cordobas
This one year type is common in all grades. Nicaragua, never prosperous, suffered severely in the earthquake of 1972 and the subsequent incompetent and corrupt response by the Somoza regime. In 1979, the Somozas were overthrown by the Sandinistas, an event which led to the notorious Iran-Contra affair. This coin, issued by the Sandinistas, was accompanied by five, twenty-five, ten centavos, fifty centavos and one cordoba.
Recorded mintage: 23,000,000.
Specification: 7.5 g, aluminum bronze, 25.9 mm diameter.
Catalog reference: KM 60.
- Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.