Venezuelan Gold Coins
Venezuela Gold Bolivares
G old coins from Venezuela are very popular with foreign gold coin collectors and are available in 10, 20 and 100 Bolivar denominations. Venezuela Gold coins display the national coat of arms which depicts a sword, a sabre, and three lances draped in the national flag. The bushel of wheat has twenty-four strands, one for each region in Venezuela. The iconic white horse represents freedom and independence
Venezuela's currency, the Bolivar, is named after Simon Bolivar who is a celebrated figure in securing the region's independence from Spain. The Bolivar was pegged to the US Dollar but was floated in 1983 which resulted in a 100% devaluation against the greenback. A series of events led to the Bolivar collapsing on foreign exchanges resulting in hyperinflations in Venezuela. Despite this, the Bolivar remains the national currency of Venezuela
Special One-year Types
Venezuela Gold Proof Coins
Gold 1000 Bolivares 'Cock on the Rocks'
Mintage: 483 Pieces (Proof)
Mintage: 5,047 Pieces (Bullion)
Minted by the British Royal Mint, this one-year type was produced in proof and bullion of .900 fineness. Both types boast an impressive 33.437g mass and 34mm diameter. Coins were never intended for circulation and are therefore often seen in mint state condition when offered to the market for sale
Gold 500 Bolivares
Mintage: 100 Pieces
An elusive one-year type which was struck to commemorate the nationalisation of Venezuela's oil industry. Only 100 pieces were issued but it is uncertain how many survived 'accidental melting' which makes this design a very valuable and rare piece of Venezuelan Gold
