What is the new S/1 coin like and why is it worth 95 soles?

The Central Reserve Bank of Peru (BCR) has presented a new S/1 coin as part of the XIII Ibero-American Series of Ibero-American Capitals produced by the National Mint and Stamp Factory of the Royal Mint of Spain in cooperation with the central banks of each of the participating nations. This collection stands out for paying tribute to eight important cities in the region, and on this occasion, the first coin features a design dedicated to Lima, the capital of Peru.

The new coin has aroused great interest not only for its nominal value, but also for its value among collectors, which amounts to S/95. This limited edition has been admired by both collectors and fans of the numismaticswho value the unique characteristics and historical symbolism of this special issue.

New S/1 coin: what does it look like and what are its characteristics?

The new S/1 coin features a meticulous and detailed design. On the obverse, you can see the image of the Plaza Mayor of Lima, one of the most emblematic places in the city. This historic space, surrounded by colonial buildings and the Lima Cathedral, reflects the cultural and architectural richness of the Peruvian capital.

On the reverse, the coin features the national coat of arms of Peru, along with the denomination and the year of issue. This combination of elements highlights the national identity and pride in the country’s history. The coin is made of alpaca, an alloy of nickel, zinc and copper, known for its durability and shine.

What is its value among collectors?

Although the coin has a face value of S/1, its price on the collector’s market is 95 soles. This value is due to several factors. First, the limited edition of the coin makes it more attractive to collectors, who are looking for unique and rare pieces to add to their collections.

Furthermore, the commemorative design and quality of the minting increase their value. The coins of the Ibero-American Series are recognized for their high quality and detail, making them sought-after pieces internationally. The value of these coins may even increase over time, depending on the demand and the preservation of the pieces.

How to acquire the new S/1 coin?

The commemorative coin is available for purchase at the Central Reserve Bank of Peru’s online store. Interested parties can purchase it through the online platform, where all the details about the purchasing process and shipping options are provided.

It is important to note that due to the limited edition, stock is likely to sell out quickly. Those interested are therefore advised to make their purchase as soon as possible to ensure they get this unique piece.

Importance of commemorative coins

Commemorative coins, such as the new BCR issue, play an important role in preserving a country’s history and culture. Through these objects, significant events, illustrious figures and iconic places can be celebrated, fostering national pride and cultural identity.

Furthermore, these coins are an excellent educational tool, allowing new generations to learn about the history and values ​​of their country in a tangible and accessible way.

The launch of this new coin has had a positive impact on the Peruvian numismatic market. Collectors and enthusiasts have shown great interest in acquiring this piece, which has increased activity and transactions in this sector. This type of issue also helps promote numismatics as a hobby and a form of investment in the country.

How was the New Sun born?

In response to the significant devaluation of the Inti, the need arose to establish a new monetary system. This issue was debated on multiple occasions in Congress, where various proposals for naming the new currency were discussed.

In 1990, a bill was proposed that bore the name “new sol”. On December 31, 1990, Law 25295 officially created the new monetary unit of Peru. It came into effect on July 1, 1991, and was divisible into 100 cents and had the symbol “S/.”.