Venezuela 1902 2 bolivares

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Heritage sale 3010, lot 21964
Courtesy Heritage Auctions

Venezuela fully adopted a decimal coinage system in 1871, with 100 centavos = 1 venezuelano. By 1879, denominations were renamed centimos and bolivares, such that 100 centimos = 1 bolivar. A crown was equivalent to five bolivares. The official title of the country from 1864 was 'Estados Unidos de Venezuela', a name it would carry until 1953, when the constitution mandated a return to the name 'Republica de Venezuela'.

Shown is a 1902 two bolivares, minted in Philadelphia. The denomination is shown on the reverse as GRAM.10. It was lot 21964 in Heritage sale 3010 (Boston, August, 2010) where it sold for $977.50. The catalog description reads: "Republic 2 Bolivares 1902, AU55 PCGS. Deeply toned and with well defined details. Quite scarce in higher grades."

Recorded mintage: 500,000.

Specifications: 10.0 g, 0.835 fine silver, 0.2695 oz ASW.

Catalog reference: KM Y23.

Sources:

  • Cuhaj, George S., and Thomas Michael, Standard Catalog of World Coins, 1901-2000, 42nd ed., Iola, WI: Krause Publications, 2014.

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