1/2 Bolívar

Venezuela's silver fractional coinage of this period was struck at the Philadelphia Mint under wartime contract, as the country lacked domestic minting capacity. The 1944–1946 dates fall squarely within the dictatorship of Isaías Medina Angarita, who was himself ousted in a military coup in October 1945 — meaning coins dated 1946 were issued under the junta that replaced him.

The .835 fineness matches the long-standing Venezuelan standard inherited from earlier decades, unchanged through multiple political transitions.