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1 Peso Homeland and Freedom

Issuer Banco Nacional de Cuba
Year 1988
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Engraver(s) Obverse: Charles Edward Barber
Reverse: Belisario Álvarez Collado
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Obverse description The obverse displays the Cuban national coat of arms at center, featuring a shield divided into three sections: the upper portion bears a golden key between two rocky promontories and a rising sun, symbolizing Cuba's geographic position; the lower left section shows a blue-and-white striped field representing the sea; and the lower right section depicts a royal palm tree in a landscape. The shield is surmounted by a Phrygian cap atop a fasces, flanked on either side by a branch of oak to the left and a branch of laurel to the right, tied at the base. Two five-pointed stars flank the coat of arms in the field. The circular legend 'REPUBLICA DE CUBA' arcs along the upper periphery, while the denomination '1 PESO' is inscribed along the lower rim.
Obverse script Latin
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Additional information

Issued as part of Cuba's extensive series of non-circulating legal tender coins marketed primarily to foreign collectors and the tourist economy, this piece generated hard currency for the Castro government during a period when the Soviet subsidy structure was beginning to show strain — roughly three years before the USSR's collapse would trigger the "Special Period" austerity crisis. The "Patria o Muerte" slogan had been state currency since the early 1960s, but its appearance on exportable collector coinage carried a particular irony: the coins were designed to leave the country.

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