Peru 1959-ZBR libra
This specimen was lot 5158 in Goldberg sale 72 (Los Angeles, February 2013), where it sold for $489. The catalog description noted, "Peru. Libra, 1959-ZBR. Indian head. Mintage 605 pieces. NGC graded AU-58. The Victor Jaramillo Collection." The gold libra superseded the silver sol as Peru's main unit of currency in 1898. The libra weighed the same as a British sovereign and equalled ten soles. The type was struck 1898-1930 and again 1959-69, along with 1/5 libras and 1/2 libras. By 1959, the libra was no longer a circulating coin but a bullion unit, minted to circumvent U.S. regulations on trading in gold.
Recorded mintage: 605.
Specification: 7.99 g, .917 fine gold, .2354 troy oz AGW.
Catalog reference: Fr-73, KM 207.
- Ira and Larry Goldberg, Goldberg sale 72: The Pre-Long Beach Auction, Los Angeles, CA: Goldberg Coins & Collectibles, 2013.
- 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.
- Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.