Venezuela 2012 1 bolivar

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from the Acanthite collection
from the Acanthite collection

The name 'Republica Bolivariana of Venezuela' replaced 'Republica de Venezuela' on all coinage from 2000. From the 1990's to 2005, the currency had devalued the point to where the old centimo coins were no longer a viable denomination and paper issues ran up to 100,000 bolivares. These first issues of the new system followed a revaluation of the bolivar, such that 1000 old bolivares were now one new bolivar, and fractionals thereof were now centimos again.

The coin shown is a 2012 one bolivar struck in Caracas.

Recorded mintage: Unknown.

Specification: Bi-metallic nickel center in aluminum-bronze ring.

Catalog reference: Y-93.

Source:

  • Bruce, Colin R., and Thomas Michael, Standard Catalog of World Coins, 2001-2010, 4th ed., Iola, WI: Krause Publications, 2009.

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