(sold for $446.0)

1960, Peru (Republic). Beautiful Gold 20 Soles (9.37gm!) Coin. Only 7,178 pcs!

Mint Year: 1960
Mintage: 7,178 pcs.
References: KM-236.
Denomination: 20 Soles
Mint Place: Lima (Peru)
Condition: A nice lustre AU-UNC!
Material: Gold (.900)
Diameter: 22.9mm
Weight: 9.36gm

Obverse: Togate personification of the Republic seated beneath wreath ona column, holding stick topped by liberty cap, and leaning on shield.
Comment: Incuse inscribed band ("LIBER-TAD") around column in incuse.
Legend: VIENTE SOLES ORO - GR.S.8.42528 DE ORO FINO
Exergue: 1960

Reverse: Wreath above shield with coat-of-arms of the Republic of Peru. All within sprays .
Legend: PESO:GRS.9.36142-REPUBLICA PERUANA-NUEVE DECIMOS FINO / LIMA

In the early 19th century, while most of South America was swept by wars of independence, Peru remained a royalist stronghold. As the elite hesitated between emancipation and loyalty to the Spanish Monarchy, independence was achieved only after the military campaigns of José de San Martín and Simón Bolívar. During the early years of the Republic, endemic struggles for power between military leaders caused political instability.National identity was forged during this period, as Bolivarian projects for a Latin American Confederation foundered and a union with Bolivia proved ephemeral. Between the 1840s and 1860s, Peru enjoyed a period of stability under the presidency of Ramón Castilla through increased state revenues from guano exports. However, by the 1870s, these resources had been squandered, the country was heavily indebted, and political in-fighting was again on the rise.

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