Peruvian Soles

Peruvian soles gold coins were minted from 1950 to 1970 and feature intricate and beautiful coin designs. The coins were all  produced by the LIma Mint and most editions were minted in small numbers. The largest mintage year was just 27,000 coins for the 1965 commemorative edition that celebrates the 400th anniversary of the Lima Mint.

The Peruvian soles gold coin were minted in five denominations which include the 100 soles, 50 soles, 20 soles, 10 soles and 5 soles. The 100 and 50 soles coins are the most popular and the ones we will profile here.

Peruvian gold coins are one of the few gold coin series that were minted in the 1950’s and 60’s. This contributes to the appeal of the series. In addition, because of the lower mintages, the Peruvian soles Gold coins are ideal for collectors and for those who are interested in high quality gold coins from different countries around the world.  

Peruvian 100 Soles Gold Coin

The Peruvian 100 soles gold coin was minted between 1950 and 1970. The coin has an intricate design that highlights the special characteristics of Peru. The impressive weight of 1.3553 ounces and diameter of 37 mm is somewhat unique for a gold coin.

Although the coin was minted over a 20 year period, many of the editions were produced in small quantities. Only three 100 soles editions saw mintages above 10,000 coins and many of the issues had mintages of less than 1,000 pieces.

There were also two commemorative editions. The first was in 1965 to celebrate the 400 year anniversary of the Lima Mint. The second was the 1966 issue which honors the 100th anniversary of the Peru-Spain naval war.

Design

The obverse side of coin depicts the national arms of Peru. The three sections of the shield depict the following: In the upper right is a Vicuna, which is the national animal of Peru. To the left is a Cinchona tree that is native to South America. Below is a cornucopia, representing the vast mineral reserves of Peru. Engraved around the outer edge are the following inscriptions; “PESOS : GRS. 468071” “REPUBLICA PERUANA” “NUEVEDECIMOSFINO” and “LIMA”.

The reverse side depicts the female liberty with shield and a staff in her right hand. To the left of liberty is a column with a wreath on top. The engraving on the column reads “LIBERTAD”. The inscriptions around the outer edge read the nominal value of “CIEN SOLES ORO”, and the fine weight of “GRS.42.1264 DE ORO FINO”. Below the motif of liberty is the date of issue. There is also an ornamental circle that surrounds the outer edge on both sides of the coin.

Product Specifications

Weight: 42.126 grams

Diameter: 37 mm

Purity: 90%

Nominal Value: 100 Soles

Design (100 Soles 1965 Edition-Lima Mint 400th Anniversary)

There were approximately 27,000 coins minted to celebrate the 400th anniversary of the Lima mint. The 1965 commemorative edition features a design that is common on ancient European coins.

The obverse side of the coin depicts the coat of arms of Peru. The inscriptions around the outer edge read “BANCO CENTRAL DE RESERVA DEL PERU”. At the  bottom of the coin is the nominal value “CIEN SOLES DE ORO”

The reverse design highlights the two columns of Hercules as the main motif in center. Inscripted across the two columns are the words “PLUS ULTRA”. Above the columns is the letter “P” and below is the number “8”. Surrounding the first inner circle are the engravings “LIMA 1565 + 1965”. The inscription around the outer coin edge reads “CVATRICENTENARIO DE LA FVNDACION DE LA CASA DE MONEDA”. The inscription translates as “400th anniversary of the founding of the Casa de Moneda”.

There is also a 1965 edition that features the same design as the other editions in the 100 soles gold coin series. Approximately 23,000 of these coins were minted for the 1965 year.

The second commemorative 100 soles coin was issued in 1966 to honor the 100 year anniversary of the Peru-Spanish naval battle. However, the coin has a limited mintage of just over 6,000 pieces.

50 Peruvian Soles Gold Coin

The 50 Peruvian gold coin was also minted between 1950 and 1970. Approximately 11,000 coins were minted in each yearly edition from 1956-1958. The production of the 1965 soles edition was 23,000 coins. The rest of the yearly issues were all under 10,000 coins, with many of the editions under 5,000 coins.

Design

The obverse side of the coin depicts the coat of arms for Peru. The lettering around the outer edge reads “PESO: GRS.2340355” “REPUBLICA PERUANA” “NUEVEDECIMOSFINO” and “LIMA”. There is also an ornamental circle that surrounds the outer edge.

The reverse side of the coin features the image of a sitting lady liberty in a flowing dress. The inscriptions around the outer edge are the nominal value of “CINCUENTA SOLES ORO”, the fine weight of “GRS.21.0632 DE ORO FINO” and the date of issue, which is under the motif. There is also the word “LIBERTAD, which is inscripted on the column to the left of lady liberty.

There is also a 1965 commemorative edition of the 50 soles gold coin that celebrates the 400th anniversary of the Lima Mint. This issue has a mintage of 17,000 coins.

Product Specifications

Weight: 21.06 grams

Diameter: 30.2 mm

Purity: 90% gold

Nominal Value: 50 Soles

Advantages

  • The Peruvian soles is a beautiful gold coin with many unique design features.

  • Because of the limited mintage, many editions will have collector value.

  • Produced by the Lima Mint, the sloes gold coins are high quality and well designed.

  • VAT free.

Buying Tips: Peruvian Soles Gold Coins

The price of gold coins and bars is made up of two primary components, which are the gold spot price and the premium. The price of gold is set by the global markets and changes minute by minute due to supply and demand. The “spot price” is the listed price for 1 oz of gold.

The premium is the sum of the costs and margin of the mint and bullion dealer. Premiums can vary widely depending on the bullion dealer. When buying gold coins there are other factors that also influence the premium. These include:

  • Coins with a limited mintage can often carry a higher premium because there is a fixed and limited supply. Generally speaking, the rarer the coin, the higher the premium.

  • The condition of the coin will also impact the premium. Coins that are graded Mint State (MS) or Proof (PR) will have a higher premium.

  • Coins with historical significance or that have key historical dates will usually trade at a higher premium.

  • Lastly, if demand for a particular gold coin is high, the premium will also be higher.

History of Peru

Incas

Manco Capac was the first Inca king who ruled from 1198-1228. At the time the Inca tribe was mostly located in Cusco Valley, in Peru’s Andean highlands. The Inca empire began to expand during the early 1400’s under the rule of Pachacutec. In 1450, Machu Picchu was built as a residence for Pachacutec and his family.

In the Inca culture, the Sapa Inca was referred to as the emperor or ruler, but overtime the term Inca became known as a society. From about 1198 until 1533 there were a total of 13 Inca Kings who ruled over the empire at different times.

Spanish Conquest

In 1533 the Inca empire fell and was conquered by the Spanish. With rich resources in Gold and Silver the Spanish landed in Peru in 1532 to take over the land and its wealth. Spaniard, Francisco Pizarro, who led the forces against the Incas founded Lima as the capital city in 1535.

During the colonial period, reforms were implemented to extend the power of the Spanish crown, which was resisted by the Spanish Americans and led to the independence movement across the various colonies.

Independence movement

The war for Independence from Spain lasted from about 1808 to 1822. Peru would finally gain its independence in 1821, one year after Jose de San Martin, the Argentinian General, landed in Peru at Paracas Bay.   

From 1879 to 1881 Peru would become united with Bolivia, but this would only last for 3 years. Ramon Castilla became the first democratically elected President of Peru in 1845. He went on to abolish slavery in 1856. In the war of the Pacific in 1879, Peru went to war with Chile and Bolivia and lost territory.

Modern Peru

Lima had a period of wealth and prosperity at the beginning of the 20th century where many of its most significant buildings and structures were built. While the major city centers of Lima, Cusco and Arequipa continued to expand during the middle part of the century, Peru would go through periods of economic and political turmoil. During this time the political climate would shift back and forth between military dictatorships and democratic regimes.

Today, Peru has a population of approximately 32 million people. Lima continues to be its largest city where about 30% of the population resides. Peru has currently been enjoying a long period of economic and political stability.

Details

Manufacturer: Lima Mint
Country of origin: Peru
Series Name: Peruvian Soles
Purity: 90% Gold
Alloy: Gold/Copper
Denomination: 100 Soles and 50 Soles
Scratch resistance: Good

 

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