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100 Pesos Training ship 'Juan Sebastián Elcano'
| Issuer | Banco Central de Cuba |
|---|---|
| Year | 2000 |
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| Composition | Log in to see details |
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| Engraver(s) | Charles Edward Barber |
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| Obverse description | The Cuban national coat of arms occupies the central field, depicting the traditional shield divided into three sections: the upper portion showing a golden key between two landmasses and a rising sun, the lower-left section with alternating blue and white diagonal stripes symbolizing the sea, and the lower-right section bearing a royal palm tree. The shield is surmounted by a Phrygian cap atop a staff, and flanked by an oak branch to the left and a laurel branch to the right, both bound at the base. The circular legend REPUBLICA DE CUBA arcs along the upper periphery, while the denomination 100 PESOS is inscribed along the lower border, with the weight indicator 1 OZ to the lower left and the fineness AU 0.999 to the lower right. |
|---|---|
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| Obverse lettering | REPUBLICA DE CUBA 1 OZ 100 PESOS AU 0.999 (Translation: Republic of Cuba 1 ounce 100 Pesos gold 0.999) |
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| Additional information |
The Juan Sebastián de Elcano is a four-masted topsail schooner built in Cádiz in 1927 and still in active service with the Spanish Navy as a training vessel — one of the oldest commissioned sail-training ships in the world. Cuba's decision to issue a gold coin honoring a Spanish naval vessel reflects the complicated warmth of Cuban-Spanish relations in the post-Soviet period, when Havana was actively courting European investment and diplomatic goodwill following the collapse of Soviet subsidies in 1991.
KM#717 is part of a broader series of Cuban gold issues from this period aimed squarely at the international collector market, effectively functioning as hard currency generation for the state.