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Why does the new S/1 coin launched by the BCRP cost S/147?

Why does the new S/1 coin launched by the BCRP cost S/147?

He BCR launched its new currency for the 150th anniversary of the establishment of diplomatic relations between Peru and Japan.

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He Central Reserve Bank of Peru (BCRP) puts new S/1 coins into circulation to commemorate various events or characters. This time, the BCR has launched a new one to celebrate the 150th anniversary of the establishment of diplomatic relations between Peru and Japan. What has surprised is that this object of collection It is being sold for about S/147 in the bank’s virtual store. What characteristics does it have to have this price? We tell you all its details here.

Why does the new S/1 currency of the BCRP cost S/147?

According to information from BCR, the cost of this coin is mainly due to its material, since it is an alloy with 0.925% silver, which means that it has this amount of this element. Likewise, only 5,000 units of this coin have been issued, which gives it a numismatic value; that is, it serves as a collector’s item as it is somewhat limited.

As can be seen in the collector’s item, on the back there is a composition of two emblematic mountains of the countries, Machu Picchu in Peru and Mount Fuji in Japan. This is accompanied by linear elements that evoke the rising sun at the top and the Peruvian flag at the bottom. On the obverse of the coin is the Coat of Arms and the text “Banco Central de Reserva del Perú”, as well as the year of issue.

What are the characteristics of the new S/1 currency?

  • Denomination: S/1.00
  • Alloy: 0.925% silver
  • Fine Weight: One Troy Ounce
  • Diameter: 37.00mm
  • Quality: Proof
  • Edge: Grooved
  • Minting Year: 2023
  • Maximum issue: 5,000 units

Source: Larepublica

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