1912 Colombian Peso

hetman

I won this auction recently and was wondering if any of you experts could tell me about the coin, as I'm unfamiliar with Latin American coins. Is the coin silver? Is it rare? I think it's in good condition, at least, and it's the first time I've ever seen a Peso from Colombia for sale. Thanks for your help.

auction.

chuckfarthing

Can't find it in my 2003 Krause. Not in my 8th edition Collecting World Coins either.

tbirde56

It is a copper-nickel coin. From Krause: Inflationary coinage- P/M (papel moneda), Beginning about 1886, due to inflation and a debased vanishing coinage the peso had no solid backing and gradually fell until it was worth 1 centavo of the old silver-based currency. These copper-nickel 1, 2, and 5 peso p/m coins reflected this inflation and later circulated at par with the new 1, 2 and 5 centavo coins that came out in 1918.
This 1912H peso had a mintage of 2 million at the Heaton mint and cats at $20 in Unc in the 2003 edition (p.561).

chuckfarthing

Page 561 exactly as you said. Missed it completely.