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Peru Indian Head Gold Libra 1898

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An Indian Head gold piece from the Old South.

 

I've always wanted one of these and finally...

 

post_peru_libra_1898.jpg

Peru Gold Libra 1898

22mm, 7.98gm

Manco Capac facing right

VERDAD I JUSTICIA / UNA LIBRA (Truth and Justice / One Pound)

Arms of Peru

REPUBLICA PERUANA LIMA R.OZ.F / 1898 (R.OZ.F was the mint head assayer)

 

Peru struck these gold coins from 1898 to 1930 as part of a monetary gold standard.

They didn't circulate much and some numismatists call them "bullion coins".

 

They are minted to the same specifications as the British gold Sovereign,

which makes them close to the US five dollar gold piece.

 

Manco Capac was the legendary founder and first emperor of the Inca dynasty.

 

:)

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They were as much a coin as the sovereign -- maybe more. At least the libra had "value" on it.

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