Cuba 1 Peso 1933 Gerardo Machado Silver coin

 

Cuba 1 Peso 1933 Gerardo Machado Silver coin



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The Cuba 1 Peso 1933 silver coin is a notable and collectible coin, both for its historical significance and its striking design. Here's a detailed overview:


Country: Cuba

Denomination: 1 Peso

Year of Issue: 1933

Metal Composition: 90% Silver, 10% Copper

Weight: Approximately 26.73 grams

Diameter: 38 mm

Edge: Reeded

Mint: Philadelphia Mint (United States)


Historical Context

The 1933 Cuban 1 Peso coin was minted during the period when Cuba had close economic and political ties with the United States, particularly following the Spanish-American War (1898). Cuba became nominally independent in 1902, but the U.S. retained significant influence. The coins from this era were often minted in the U.S., including at the Philadelphia Mint, as was the case for this piece.


1933 was a particularly turbulent year for Cuba, marked by political instability and the eventual overthrow of President Gerardo Machado.


Design Features

Obverse (Front):

Features the Cuban Coat of Arms, with a Phrygian cap (symbol of liberty), a shield showing a key between two lands (symbolizing Cuba's location between the Americas), and the rising sun.


Around the top: "REPUBLICA DE CUBA"


Along the bottom: "UN PESO"


Reverse (Back):

Prominently displays a large five-pointed star — the Star of Freedom, known as the "Estrella Solitaria".


Around the star: "PATRIA Y LIBERTAD" (Fatherland and Liberty)


Date below: "1933"


Often includes a small "PM" mintmark indicating the Philadelphia Mint.


Collectibility & Value

The 1933 1 Peso coin is highly sought after by collectors for several reasons:


Historical value tied to a politically volatile era in Cuba.


High silver content, making it valuable to bullion collectors.


Low mintage compared to modern coins.


American minting, adding appeal to U.S. numismatists.


Depending on its condition (graded from Good to Mint State), values can range from $30 to over $200 or more for high-grade or certified specimens.

Minting & Production Details

Mintage: Approximately 1,000,000 coins were struck in 1933 at the Philadelphia Mint (United States).


Mint Mark: Although U.S.-minted, these coins typically do not carry a U.S. mint mark like modern coins (i.e., no "P" for Philadelphia), but some specimens may show small designer initials or placement marks.


Designer: The coin design is believed to be influenced by Charles E. Barber, the U.S. Mint's Chief Engraver during earlier issues, although the exact engraver for the 1933 issue may vary.


Context in Cuban History

1933 was a year of major upheaval. President Gerardo Machado was overthrown after a popular uprising. The country then entered a period of political chaos. 

The coin, minted during Machado's final year in power.

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