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Monday, April 29, 2013

¡Viva la Revolución!


One of my three coins from Cuba. Two are common, base metal coins and this one is 90% silver. It was made back when America and Cuba were allies after America "freed" them from Spain and the Cuban Peso and USD were made at par with each other. Does the "VEINTE" on the reverse ring a bell? It's close to the Starbucks size "VENTI" and both mean twenty. So this is a twenty centavo, or cent, coin. 1/5 dollars are more prevalent in Europe which, combined with tradition, is the reason for the denomination. This is still very evident in Europe with the Euro using 20 Cent coins and the Pound having 20 Pence coins rather than quarters. Tradition carries on in Cuba, despite the Communist takeover, and 20 Cent coins are still used. They are still made at par with the USD for accounting reasons, but in reality are worth less. This coin is worth about $9.00.

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