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5 Pesos

Issuer Republic of Colombia
Year 1924-1930
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Value 5 Pesos (5 COP)
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Obverse description Bare-headed bust of Simon Bolivar in left-facing profile, occupying the central field, rendered in a neoclassical style with flowing hair and a truncated neck. The circular legend REPUBLICA DE COLOMBIA arcs along the upper periphery, flanked by a beaded border. The mint name MEDELLIN appears below the bust truncation, flanked by two six-pointed star ornaments, with the year of issue centered at the bottom between the stars. A continuous beaded inner border frames the entire design.
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Reverse description The Colombian national coat of arms occupies the central field, featuring a vertically divided shield with a Phrygian cap above a pomegranate flanked by cornucopias in the upper section, and a sailing vessel on a sea in the lower section, surmounted by a condor with wings displayed perching atop the shield. A banner inscribed LIBERTAD Y ORDEN (Liberty and Order) is draped across the upper portion of the shield. The denomination CINCO PESOS arcs along the upper legend, with the metallic specifications G 7.988, LEY, and 0.916 2/3 distributed around the lower periphery, all separated by star ornaments and enclosed within a beaded border.
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Additional information

Colombia's gold 5 Pesos of this period was struck at the Medellín mint, which had been refitted in the early 1920s largely on the back of revenues from the banana export boom and, critically, the $25 million indemnity payment received from the United States in 1922 — compensation, finally, for the separation of Panama in 1903. That influx of capital briefly stabilized Colombian finances enough to sustain a credible gold coinage through the mid-decade.

Production effectively ceased by 1930 as the Great Depression collapsed commodity prices and gold convertibility became untenable across Latin America.

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