We have several "close" friends from Venezuela, and more in the Ladies of Hive community. This article is dedicated to you—
A little background from Wikipedia
The bolívar is named after the hero of South American independence Simón Bolívar. The bolívar was introduced by President Guzman Blanco, who around one hundred years after Simón Bolívar's birth, undertook various projects to honour his contribution to Venezuelan history. The coin appeared in the monetary law of 1879, replacing the short-lived venezolano at a rate of five bolívares to one venezolano. Initially, the bolívar was defined on the silver standard, equal to 4.5 g fine silver, following the principles of the Latin Monetary Union. The monetary law of 1887 made the gold bolívar unlimited legal tender, and the gold standard came into full operation in 1910. Venezuela went off gold in 1930, and in 1934, the bolívar exchange rate was fixed in terms of the US dollar at a rate of Bs. 3.914 = US$1, revalued to Bs. 3.18 = 1 US dollar in 1937, a rate which lasted until 1941. Until 18 February 1983 (now called Viernes Negro, Spanish for Black Friday, by many Venezuelans), the bolívar had been the region's most stable and internationally accepted currency.
It then fell prey to high devaluation.
1910 Venezuela 5 Bolívares
This coin was minted by the Monnaie de Paris in 1910. The US Mint of Philadelphia minted the 5 Bolivares coins in 1902-1903 and 1921 to 1936.
The obverse of the coin shows the coat of arms of Valenzuela. Date on the ribbon is 13 DE APRIL DE 1864. From 1879 to 1899 the date on the ribbon on the 5 Bolivares coins was 28 DE MARZO DE 1864, then from 1900 to 1936 it was 13 DE APRIL DE 1864.
The most coins of Venezuela from 1879 depict the bust of Simon Bolivar. He was a military leader and statesman best known for spearheading revolutions against the Spanish empire. In his later days he always insisted that the title of “liberator” was higher than any other and that he would not exchange it for that of king or emperor.
The reverse of the coin carries exactly that statement: BOLIVAR LIBERTADOR which translates to Bolivar Liberator.
Reference
https://www.monnaiedeparis.fr/en/the-institution
https://www.usmint.gov/about/tours-and-locations/philadelphia
https://en.numista.com/catalogue/pieces10340.html
https://www.britannica.com/biography/Simon-Bolivar
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