Catalog
1 Bolívar
| Issuer | Venezuela |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | 1 Bolivar (1 bolívar) (1 VEB) |
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| Composition | Log in to see details |
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| Obverse description | The Venezuelan national coat of arms occupies the central field, featuring a quartered shield with a sheaf of wheat, crossed flags and weapons, and a galloping horse in the lower quarter, surmounted by a cornucopia and flanked by laurel and palm branches tied with ribbon. The circular legend ESTADOS UNIDOS DE VENEZUELA arcs around the upper periphery, while the weight, fineness, and date — GRAM. 5 • 1945 • LEI 835 — are inscribed along the lower periphery, all within a beaded border. |
|---|---|
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| Mintage | 1945 - Philadelphia Mint (struck in 1947) - 8,000,000 |
| Additional information |
Venezuela's 1 Bolívar coinage had been struck in .900 fine silver for decades before the alloy was quietly reduced to .835 in 1936. The 1945 issue falls within the final years of Juan Vicente Gómez's long aftermath — Gómez himself died in 1935, but the monetary infrastructure his government established persisted well into the Medina Angarita administration. Oil revenues were reshaping the Venezuelan economy rapidly by this point, and silver coinage of this denomination was already becoming economically marginal relative to the country's newfound petroleum wealth.