The range of Gold Cuba Peso coins are incredibly elusive in the UK which is likely attributed to the breakdown of trade between Cuba and much of the West. Paypal, for example, will not allow transactions on their platform for Cuban Gold Peso coins. Moreover, the Cuban Gold pesos are rare coins with some of the designs having a mintage of just ten pieces. Unlike the Gold Mexican Pesos, the Cuban Pesos all share te exact same design
Cuba is the largest country in the Caribbean and is known for its cigars, rum and Guantanamo Bay. The country also has a range of Gold coins which are relatively rare given that they are either one or two-year types. Each coin displays Cuba’s coat of arms which has some hidden symbolic meanings to the design which consists of a wreath, shield and a Phrygian cap. As with many of the central and south American coin designs, the radiant sun hovers near the top of the coat of arms
1915
Cuban Veinte Peso
A one-year type with 57,000 coins known. This piece was designed on the US double Eagle and therefore matches the double eagle for purity (21 carat) and weight (33.43g). The Gold key between two mountainous rocks symbolises Cuba’s position between North and South America. The striped section of the shield is actually blue and white stripes which relates to the Cuban flag whilst the palm tree is a depiction of a Cuban landscape
The Phrygian cap sitting on the shield is typical of many South American coinage and is seen on Peru Soles and the Argentinian Peso. The Phrygian cap represents liberty which is a key part of history for countries in this region
1915 - 1916
Cuban Diez Peso
Cuba’s Gold Diez Pesos is a two-year type with the 1915 date limited at 95,000 issues and just over 1.1 million of the 1916 dates struck. The Cuban Peso was introduced in 1881 and was pegged at parity to the US Dollar
1915 was the first time that Cuba minted its own coins and so the Golden pesos was produced in the same year albeit by the Philadephia Mint. Cuba used a Gold standard between 1898 and 1933 and so these coins would have functioned as currency in Cuba
1915-1916
Cuban Cinco Peso
The Gold Cuban Cinco pesos was another two-year type and was issued between 1915-1916. The high mintage of 1,828,000 makes this the most common Gold Cuba peso. During Cuba’s Gold standard, the cinco peso functioned as currency. Sixty proof versions are also documented
PROOF GOLD CUBAN PESOS
Proof Finishes
Gold Cuban pesos of a proof finish are known to exist, all of which came from complete sets which features all six denominations that range from un to veinte peso
Official mintage data is unclear but consensus suggests 24 sets dated 1915 and just 8 dated 1916. These were very likely struck for diplomatic gifts
RARE DENOMINATIONS
25, 50 & 100 Pesos
The Gold Cuban 50 Pesos (1988-1990) is a low-mintage issue of 150 examples of this type struck at the Havana Mint
The 25 pesos is a very scarce Piefort piece with a mintage of just ten examples according to the Standard Catalog of World Coins
The 100 peso coins were struck in bullion and proof finishes, a total of 72 is known. A piedfort version was also struck using the same dies which as the original 100 pesos leading it to incorrectly understate its weight
Cuban Gold
Gold Cuba Pesos
Cuba is famous for its culture, beaches and cigars. It is less known for its Gold coins as the Gold pesos were only struck during a brief window
International Gold buyers are very familiar with Cuban Gold pesos as these have become a ‘must have’ for international coin portfolios