Key Date 1939 Nicaragua 25 Centavos Rarer Type NiceToning

Description

Key Date 1939
Nicaragua 25 Centavos Rarer Type Nice Toning High Grade
This specimen, struck for
Nicaragua
by the Heaton mint in Birmingham, England, represented the new cordoba series which was to replace the peso. In addition to this Twenty-five centavos, 1912 saw the issue of a half centavo (KM 10, bronze), one centavo (KM 11, bronze), five centavos (KM 12, copper-nickel), ten centavos (KM 13, silver),50 centavos (KM 15, silver) and one cordoba (KM 16, silver). None were actually struck in Nicaragua.
The first córdoba was introduced on March 20, 1912. It replaced the
peso moneda corriente
at a rate of 12½ pesos m/c = 1 córdoba and the peso fuerte at par. It was initially nearly equal to the
US dollar
. It was named after the founder of Nicaragua,
Francisco Hernández de Córdoba
.
This pattern was used on different coins with different denominations and metals, including brass, copper-nickel, steel, and silver.
Obverse
Description:
I
mage of the Spaniard Francisco Hernández de Córdoba (1475-1526) with a moustache and beard, founder of Nicaragua facing forward.
Obverse
Legend
:
* *
REPUBLICA DE NICARAGUA
(Republic of Nicaragua)
* * 1939
Reverse Description
:
Radiant sun illuminating five mountains
from behind within circle with legend forming
boarder
Reverse Legend
: EN DIOS CONFLAMOS 25 CENTAVOS DE CORDOBA
Specification:
5 g, .Copper- nickle.
Catalog reference:
KM 18.1
Edge:
Reeded
Diameter:
23 mm
Centavos
Collecting Centavos coins regardless of whether it be the
5, 20, 25 or 50 cent denomination allows a wide spectrum of
choice in regards to countries, mints, years and errors which can be an affordable alternative to start with if the costs of collection other coins in particular the more expensive 8 reales is prohibitive.
One centavos is worth one hundredth of the peso which was originally the name of the eight-real coins issued in Mexico by Spain. These were the so-called Spanish Dollars or pieces of eight in wide circulation in the Americas and Asia from the height of the Spanish Empire until the early 19th century (the United States in fact accepted the Spanish dollar as legal tender until the Coinage Act of 1857.
Nicaragua
A Typical Indian house Cira 1880
The country's name is derived from "Nicarao," the name of the Nahuatl-speaking tribe which inhabited the shores of Lago de Nicaragua before the
Spanish
conquest of the Americas; and the Spanish word
Agua
, meaning water, due to the presence of the large lakes such as Lago de Nicaragua (Cocibolca) and Lago de Managua (Xolotlán), as well as lagoons and rivers in the region.
The agricultural, timber and mining industries are the principal sources of national wealth of Nicaragua. The area of cultivation in Nicaragua has extended in recent years and would probably extend still further but for the scarcity of labor. The banana is the principal agricultural product of the eastern part of the
Republic. Coconuts are also of some importance, and a few plantains, oranges, and pineapples, and some yucca are raised. The products of the western half are much more varied, the most important being coffee.
Spanish colonization
“
El Castillo",
Rio San Juan, Nicaragua, Built in 1673 by the Spanish in
order to defend against
pirate
attacks upon the city of
Granada
In 1502
Christopher Columbus
was the first European known to have reached what is now Nicaragua as he sailed south along the
Central American
isthmus. On his fourth voyage, Columbus sailed alongside and explored the Mosquito Coast on the east of Nicaragua. However, it was not until 1524, that Conquistador Francisco Hernández de Córdoba founded the first permanent
Spanish
settlements, including two of Nicaragua's principal towns: Granada on Lake Nicaragua, León east of Lake Managua and also Nueva Segovia in northern Nicaragua. Settled as a colony of Spain within the kingdom of Guatemala in the 1520s, Nicaragua became a part of the Mexican Empire and then gained its independence as a part of the United Provinces of Central America in 1821 and as an independent republic in its own right in 1838.
The Mosquito Coast based on Bluefields on the
Atlantic
was claimed by the
United Kingdom
and its predecessors as a protectorate from 1655 to 1850; this was delegated to
Honduras
in 1859 and transferred to Nicaragua in 1860, though it remained autonomous until 1894. Jose Santos Zelaya managed to negotiate with the Britain's Queen Victoria for the annexation of this region to the rest of Nicaragua. In his honor the entire region was named Zelaya, though this was later changed under the Sandinista government and was divided into two autonomous regions.
Nicaragua was considered by the Spanish Kingdom as a very important colony, considering it had a natural route in which it would permit transportation of goods from the
Atlantic Ocean
to the
Pacific
. However, at the time it was not considered of much value for the mining of
minerals
. Although there were high concentrations of
gold
, they were smaller compared to the amounts in the other Spanish colonies. During the early years of the colony, Nicaragua produced many goods which gave it some prosperity, and there was an ever increasing desire to build a canal along the San Juan River, through Lake Nicaragua and across the isthmus of Rivas
Nineteenth century
In the 1800s Nicaragua experienced a wave of immigration, primarily from Europe. In particular, families from
Germany
,
Italy
,
Spain
,
France
and
Belgium
moved to Nicaragua generally to set up businesses with money they brought from Europe. They established many agricultural businesses such as
coffee
and sugar cane plantations, and also newspapers, hotels and banks.
Much of Nicaragua's early politics following independence was characterized by the rivalry between the liberal elite of León and the conservative elite of Granada. This rivalry sometimes spilled into
civil war
. Initially invited by the liberals in 1855 to join their struggle against the conservatives, a U.S.-born adventurer named William Walker won the Liberals' war so easily that it seemed like he barely even fought. As a result, he saw the chance to take over the country. Walker appointed himself as president in 1856. Fearing the possibility of his plans for expansion, several
Central American
countries united to drive him out of Nicaragua in 1857, ironically supported by American industrialist
Cornelius Vanderbilt
, who had earlier sponsored Walker. Walker was executed in neighboring Honduras in 1860.
[12]
A period of three decades of conservative rule ensued.
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