Peru Silver Dinero Coins

Posted by on October 30, 2012
SC PERU 1866 Lima 1 Silver Dinero 300x153 Peru Silver Dinero Coins

1866 Lima 1 Silver Dinero

Peru's Silver Dinero Coins were created when Peru adopted the decimal system for their currency.  The “Dinero” is one tenth of a sol and have a value of ten “Centavo”.  These were also struck in 90% fine silver beginning in 1863 through 1877 with assayers' initials “Y.B.” and “Y.J.”.  The dinero were not minted again until 1888 and continued through 1916.  The dineros are (17.8) 18 millimeters and 1.2 millimeters thick.  They weight 2.50 grams or 0.25 grams of silver.

As with many other territories claimed and governed by Spain in the Americas the 1820's marked the end of Spain's colonial rule.  This was further fueled by King Ferdinand VII's abdicating to Napoleon in 1820.  Many of the Spanish forces that were stationed in the Americas had been brought back to Spain to help in Spain's defense during the Peninsular War.  Spain and France had been long term allies against England.  The Peninsular War began when Spain and France invaded Portugal in 1807 as allies.  However in 1808 France, lead by Napoleon, turned against Spain and invaded.   France was able to seizing control of Spain's government and established a Republic under Napoleon and his brother's control.  The citizens of Spain in Peru and throughout the Americas became sharply divided about their loyalties.  The Loyalist wanted to maintain their allegiance to royalty as tradition and tried to stand against those who wanted to establish a Republic. Before the end 1824 Peru had claimed its Independence.  However there were still years of warfare for Peru with its neighbors.  Peru was in a confederacy with Bolivia initially however both Argentina and especially Chile were threatened by this alliance.  The War of the Confederation erupted in 1836 and continued until 1839 when Peru and Bolivia conceded to be separate and independent countries.

SC PERU 1907 Lima 1 2 Silver Dinero reverse 300x300 Peru Silver Dinero Coins

1907 Lima 1/2 Silver Dinero - obverse

Peru also minted silver half dineros starting in 1863 and 1864 with the assayers mark “Y.B.”.  These were not minted again until 1890 and continued until 1917.  The series begins with the assayer “T.F.” and from 1899 to 1906 “J.F.” continues.  The assayer “F.” lent a hand in 1896 and “V.N.” in 1897 and 1898.  Assayer “F.G.” finished this series (1907-1917).  There are also numerous overdate strikes and a few errors in this series.  During the interim Nickel/Copper five and ten Centavos coins were minted in 1879 and 1880. The silver half dineros are 15 millimeter in diameter and 1millimeter thick.  They weigh 1.2500 grams and contain 90% silver or 0.04 troy ounces of silver.

The obverse has Liberty (Libertad) seated facing right much like the US “Seated Liberty”.  Her right hand is resting on a shield that has Peru’s traditional sun with rays on it and her left hand holds a staff with a liberty cap on it.  There is a partial column on the right with a laurel wreath on it and a ribbon reading “LIBER” and continues with “TAD”.  Later dates have "LIBERTAD" incused on the ribbon.  The legend is along the upper two thirds of the coins’ rim “FIRMEY FELTS” on the right and “POR LA UNION” which translates to “Steady and happy for the union”.  At the base is the denomination which is either “DIN.” or “1/2 DIN.” for the denomination.

SC PURE 1907 Lima 1 2Silver Dinero reverse 300x300 Peru Silver Dinero Coins

1907 Lima 1/2 Silver Dinero - reverse

The reverses have Peru’s coat of arms in the center with a laurel wreath above it and a wreath around it.  Peru's coat of arms has a llama in the upper left corner, a cinchona tree in the upper right corner and a cornucopia spilling out gold coins in the lower half.  The wreath has palm on the left and laurel on the right both tied together with a bow.  The date is under the wreath's bow at the base of the coin and the legend runs along the other two thirds of the rim and reads “REPUB.PERUANA LIMA 9D:FINO”  with the assayer’s initials at the end.  Besides being minted in Lima they were also struck in Cuzco.

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