The one new sol coin has been changing its appearance during the more than 30 years it has been in circulation and that is one of the reasons why, the first version, launched in 1991 might currently cost up to 500 soles.
On the YouTube channel and the Facebook page of the Inca Numismatic accountindicate that the coins of 1 new sol of 1991 are one of the most sought following by collectors.
“We present one of the most sought following coins by collectors. It’s regarding the coin of a new sol of the year 1991. This coin in this state of conservation can reach between 80 and 100 soles, but in a higher condition it can reach up to 500 soles.”, they point out.
They also indicate that the coins of 1 a new sun of 1991 that can cost more are the ones that have, in very small letters, the signature of the engraver, Félix Díaz Paredes, at the bottom of the laurel and oak branches that appear on the front side of the coin. It says “F Diaz” there.
It should be noted that on sales websites such as OLX you can see that they offer this coin for almost 500 soles.
On the other hand, this coin collection specialist account also revealed a simple coin of 20 cents can be worth regarding 50 soles today, for the details that some 1991 editions present, such as: a symbol hidden in the dots for braille reading and Chávez’s signature.
It should be noted that, in January 1991, Law No. 25295 was published, which established as monetary unit of Peru to the “New Sun”. From the 1st of July 1991 the “New Sol” entered into force as the country’s monetary unit according to Regulation of the “New Sol” No. 001-91-EF/90 Law No. 25295. At that time it was divisible into 100 cents.
The first currencies expressed in New Suns they were put into circulation as of October 1, 1991 and the first banknotes on November 13, 1991.
Subsequently, as of December 15, 2015, the monetary unit has changed its name from Nuevo Sol to Sol. Its symbol was also changed from S/. to S/. As of 2018, only the name Sol (S/) applies.
In May 2022, the Central Reserve Bank of Peru (BCR) put into circulation the fourth coin of S/ 1 of its new numismatic series “Builders of the Republic – Bicentennial 1821-2021″, within the framework of the commemoration of the Bicentennial of the Independence of Peru. This coin bears the image of Manuel Lorenzo de Vidaurre, who was born in Lima on May 19, 1773 and was the author of the books Cartas Americanas and Plan del Perú.
The “Builders of the Republic – Bicentennial 1821-2021” collection consists of 9 coins, through which the characters who, between the 18th and 19th centuries, fought for the independence of Peru are remembered and paid tribute to.
On the other hand, there are currently several numismatic series of one sun coins such as Wealth and Pride of Peru and Natural Resources with varied models.
Las commemorative coins of 1 sol from the Central Reserve Bank of Peru can cost between 50 and 180 soles.
Likewise, among the best sellers are the cases of ‘The woman in the process of the Independence of Peru’ (12 soles) and the coins of the Bicentennial of the Army of Peru (S / 139.00), of the creation of the National Library ( S/139.00), the centenary of the National Superior Autonomous School of Fine Arts (S/139.00), among others
Apart from the 1 sol coin from 1991, there are much more expensive coins minted in Peru that, even, exceed 1,000% their price at nominal value.
According to Jean Pierre Casafranca, collector and passionate regarding numismatics, Many factors go into pricing a currency. It would have to be taken into account the state of conservation and the number of times it was issued in a year, as well as the signatures or details they may havean example is the masonic figures next to the braille writing on coins minted between 1991 and 2000.
“Prices will depend a lot on the buying public, regardless of the person who wants to sell it. By year of issue, the 1991 one sol coin would not be as relevant due to its high issue, that is, 32 million coins were issued that year”, he told Infobae.
Known HERE the list of Peruvian coins that are worth a fortune and you might have at home.
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