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5 Quetzales

Issuer Guatemala
Year 1926
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Diameter 22 mm
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Obverse description The Guatemalan national coat of arms occupies the central field, depicting a resplendent quetzal bird perched atop a scroll inscribed with the independence date 'LIBERTAD 15 DE SEPTIEMBRE DE 1821,' flanked by crossed rifles and swords and framed by a wreath of laurel branches. The circular legend 'REPUBLICA DE GUATEMALA' arcs along the upper periphery, with dot stops at either end. The date '1926' is prominently displayed in large numerals along the lower rim. The design is executed in high relief with fine engraved detail throughout.
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Obverse lettering ·REPUBLICA DE GUATEMALA· 1926
(Translation: Republic of Guatemala)
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Additional information

Guatemala's 1926 gold coinage was struck in Philadelphia under contract — the U.S. Mint produced these pieces during a period when Guatemala lacked the domestic capacity for gold coinage production. The issue coincided with the long dictatorship of José María Orellana, whose government had in 1924 established the quetzal as the national currency to replace the peso at par with the U.S. dollar, a deliberate monetary alignment with American economic interests in Central America.

Mintages were low and domestic circulation was negligible. Most pieces were held as reserves or exported almost immediately.

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