Sunday, 24 August 2014

MY COLLECTION - ALBUM NO 6 - NORTH AMERICA - EL SALVADOR, GUATEMALA, HONDURAS AND MEXICO COINS























CHAPPIDI ABHIRATH REDDY
C/O COL GKS REDDY

Secunderabad - 500 015.


El Salvador coins.



          The colón was the currency of El Salvador between 1892 and 2001, until it was substituted by the U.S. Dollar. It was subdivided into 100 centavos and its ISO 4217 code was SVC. The plural is colones in Spanish and was named after Christopher Columbus, known as Cristóbal Colón in Spanish.

          On October 1 of 1892, the government of President Carlos Ezeta, decided that the Salvadoran peso be called 'Colon', in homage to the "discoverer" of America. The colón replaced the peso at par in 1919. It was initially pegged to the U.S. dollar at a rate of 2 colones = 1 dollar. El Salvador left the gold standard in 1931 and its value floated. On June 19, 1934 the Central Bank was created as the government body responsible for monetary policy and the sole body authorized to issue currency in the nation. On January 1, 2001 under the government of President Francisco Flores, the Law of Monetary Integration went into effect and allowed the free circulation of U.S. dollar in the country (see dollarization), with a fixed exchange rate of 8.75 colones. The colon has not officially ceased to be legal tender.






One Centavo - El Salvador - Brass  1981






Three Centavos - El Salvador - Brass - 1974






Five Centavos - El Salvador - Cupro-Nickel - 1963






Fifty Centavos - El Salvador - Nickel - 1977



Guatemala Coins.



          The quetzal (locally: [keˈtsal]; code: GTQ) is the currency of Guatemala. It is named after the national bird of Guatemala, theResplendent Quetzal. In ancient Mayan culture, the quetzal bird's tail feathers were used as currency. It is divided into 100 cents, called centavos in standard Spanish or lenes in Guatemalan slang. The plural is quetzales.



         The quetzal was introduced in 1925 during the term of President José María Orellana, whose image appears on the obverse of the one-quetzal bill. It replaced the peso. Until 1987, the quetzal was pegged to and domestically equal to the United States dollar and before the pegging to the US dollar, it was pegged to the French franc as well, since the quetzal utilized the gold standard.








One Centavo - Guatemala - Brass - 1963


Honduras Coins.



          The lempira (/lɛmˈpɪrə/, sign: L, ISO 4217 code: HNL) is the currency of Honduras. It is subdivided into 100 centavos. The lempira was named after the 16th-century cacique Lempira, a ruler of the indigenous Lenca people, who is renowned in Honduran folklore for leading the (ultimately unsuccessful) local native resistance against the Spanish conquistador forces. He is a national hero, and is honoured on both the 1 lempira note and the 20 and 50 centavos coins.



        The lempira was introduced in 1931, replacing the peso at par. In the late 1980s, the exchange rate was two lempiras to the U.S. dollar (the 20 centavos coin is called a daime as it was worth the same as a U.S. dime). As of May 19, 2014, the lempira was quoted at 20.58 HNL to 1 USD.











One Centavo - Honduras - Copper - 1992






Two Centavos - Honduras - Copper - 1949






Ten Centavos - Honduras - Brass - 1989






Fifty Centavos - FAO - Honduras - Cupro-Nickel - 1973



Mexico Coins.


         The peso (sign: $; code: MXN) is the currency of Mexico. Modern peso and dollar currencies have a common origin in the 15th–19th century Spanish dollar, most continuing to use its sign, "quot;. The Mexican peso is the 8th most traded currency in the world, the third most traded in the Americas (after the United States dollar and Canadian dollar), and the most traded currency in Latin America.

           The current ISO 4217 code for the peso is MXN; prior to the 1993 revaluation (see below), the code MXP was used. The peso is subdivided into 100 centavos, represented by "¢". As of January 27, 2014 the peso's exchange rate was $18.3763 per euro and $13.4408 per U.S. dollar.






Twenty Centavos - Mexico - Nickel - 1917






Five Dollars - Mexico - Brass - 1985






Five Dollars - Mexico - Bimetallic - 1999






Ten Dollars - Mexico - Miguel Hidalgo - Nickel - 1988






Ten Pesos - Mexico - Miguel Hidalgo - Cupro-Nickel - 1976









Note - Some of the images of coins in my collection, have been taken from the Gallery to the extent available, to save on time & effort involved in photography & editing.

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