Do you have a 5 cent coin?: know the high value at which it is valued among collectors

After the innovative designs of one-sun coins with national motifs or the issuance of the last banknote family focused on prominent figures of the 20th century, old coins and banknotes have been revalued, which generates great demand, mainly among collectors. In previous notes we told you how much different examples of the Peruvian currency are valued, today we will show you the surprising value of the 5 cent coins.

What is the value of the currency 5 cents among collectors?

According to the official website of Free marketthe 5 cent coin It currently manages two prices:

• 0.05 coin (year 2014): S/100
• 0.05 coin with Chávez’s signature (year 1992): S/50
• 0.05 coin (2011): S/20.

For its part, on the virtual store platform ebaythe cost of the aforementioned article is quoted as follows:

• 0.05 coin (year 2012): S/29.36
• 0.05 coin (2011): S/11.07
• 0.05 coin (year 2007): S/22
• 0.05 coin (year 1992): S/43.81

Why did the 5 cent coin stop circulating?

On the other hand, in 2018, the Central Reserve Bank of Peru (BCRP) announced to the public that as of January 1 of next year, 5 cent coins would stop circulating under the argument that they were no longer being used as a means of payment. Along the same lines, he reported that they could be exchanged indefinitely in multiples of S/0.10 in some financial entities, including the BCRP.

“People can have five-cent coins in their homes, including one-cent coins as well, and we can exchange all of these at any entity in the financial system and at any time. Economic agents stopped using it and that is why, in the markets, wholesalers and retailers, the lowest denomination is 10 cents,” said BCR official Abraham de la Melena at the time.