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<p>[QUOTE="Joshua Lemons, post: 26417691, member: 82388"]The reverse clearly shows the weight in grams. It seems a Bolivar weighed in at 5 grams. Naturally, 5 bolivars would be 5 times that. Conversely, the quarter Bolivar was, 1.25 grams. </p><p>Now I don't know for certain, but I think it was more important to know the silver weight and fineness in this era because silver's intrinsic value rose and fell regularly. I think this method helped when the market was volatile. </p><p>Much of Latin America held onto silver in their circulating coins long after the rest of the world switched to base metals. They did this by reducing the size of the coins or the fineness. </p><p>Much like most people can tell what a coin is without giving it much of a glance, I'm sure people of the time didn't necessarily have a problem figuring out what coin they had. Plus, the law may not even require the denomination to be on the coin.</p><p>Interestingly, it seems it's the only coin of the time from Venezuela that is 90%, the rest are the more standard 83.5%.[/QUOTE]</p><p><br /></p>
[QUOTE="Joshua Lemons, post: 26417691, member: 82388"]The reverse clearly shows the weight in grams. It seems a Bolivar weighed in at 5 grams. Naturally, 5 bolivars would be 5 times that. Conversely, the quarter Bolivar was, 1.25 grams. Now I don't know for certain, but I think it was more important to know the silver weight and fineness in this era because silver's intrinsic value rose and fell regularly. I think this method helped when the market was volatile. Much of Latin America held onto silver in their circulating coins long after the rest of the world switched to base metals. They did this by reducing the size of the coins or the fineness. Much like most people can tell what a coin is without giving it much of a glance, I'm sure people of the time didn't necessarily have a problem figuring out what coin they had. Plus, the law may not even require the denomination to be on the coin. Interestingly, it seems it's the only coin of the time from Venezuela that is 90%, the rest are the more standard 83.5%.[/QUOTE]
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