Chilean Gold Bullion Coin
As I had previously mentioned I love collecting South American coins, especially from Chile. The cien pesos gold coin was produced from 1926-1980 as a bullion coin. The obverse has a female bust facing left with a traditional Chilean dress and the reverse has the Chilean emblem. They were all produced in the Santiago mint and the mint mark S is visible on the reverse. This is definitely one of my favorite Chilean coins.
It was produced until 1980 when the new Chilean constitution was ratified. This was done after the 1973 military coup placing Augusto Pinochet in charge of the nation as he was the top general. This coup was supported by the CIA since the elected president Salvador Allende was a socialist. At the time the US was in the middle of the Cold War with the Soviet Union and didn't want any allies of the USSR in the Americas. Allende committed suicide rather than to resign the office as president or be arrested by the military. Sadly under the rule of Pinochet thousands of people "disappeared" as they were considered a threat to his regime.
This is a great bullion coin and can be readily purchased at most large bullion suppliers and even eBay. It's a great coin to add to any gold or silver stack! I can't show you my coin since I'm still working out of state away from my goodies.
Photo credit: Apmex
Composition: 90% gold
Weight: 18.3 grams
Diameter: 30.5 mm
Thickness: 1.8 mm
I hope you enjoyed my post and have a great Monday!
Disclaimer: Gold and Silver investing and coin purchases are a great hobby, but isn't for everyone. You can lose money. I'm not a financial advisor and this isn't financial advice. Just my personal fun hobby!
That looks like a good coin to buy! But I a too novice to venture buying coins I am not familiar with in the 7 years I've been stacking. My exposure is very limited to coin (and bars) from the USA, Great Britain, Canada and Australia, so these are the few gold coins that I have. In fact I am always fearful of buying old coins. Hahaha!
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As long as they are graded coins you can't go wrong. It's the coins in the raw that you are rolling the dice. You never know if it's been cleaned or what grade it truly is. PCGS has tables of prices on all it's graded coins so it takes a lot of the guesswork out!
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Really nice design , would be nice to add it to my stack if I find one that is reasonably priced
They tend to follow gold prices unless you buy a MS67 or anything graded highly then you of course get hit with the nasty premium.
Thanks! They are beautiful coins!