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Un Characato de Oro

Issuer Peru
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Diameter 39 mm
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Obverse lettering UN CHARACATO DE ORO
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Reverse script Latin
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Additional information

The "Characato" designation traces to the agricultural villages surrounding Arequipa, whose inhabitants — known as characatos — became emblematic of southern Peruvian regional identity. This gold piece was struck as part of Peru's mid-nineteenth century effort to assert monetary credibility during chronic fiscal instability following independence, when successive governments struggled to maintain convertible currency against a backdrop of foreign debt and internal conflict.

Arequipa's mint, though shorter-lived than Lima's, produced distinctive coinage tied closely to the silver and gold outputs of the southern Andean mining economy.

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