5 Centavos

1987 year


Aluminium	0.72 g	15 mm

Description

Issuer	Nicaragua
Issuing bank	Central Bank of Nicaragua (Banco Central de Nicaragua)
Period	Republic (1854-date)
Type	Standard circulation coin
Year	1987
Value	5 Centavos (0.05&nbspNIC)
Currency	Second Córdoba (1988-1990)
Composition	Aluminium
Weight	0.72 g
Diameter	15 mm
Thickness	1.5 mm
Shape	Round
Technique	Milled
Orientation	Medal alignment ↑↑
Demonetized	30 April 1991
Updated	2024-10-06

References

Numista	N#9769
Rarity index	18%

Reverse

Value in number at center, motto at top and bottom.

Script: Latin

Lettering:
EN DIOS CONFIAMOS
5
CENTAVOS
PATRIA LIBRE O MORIR

Translation:
In God we trust
Free homeland or death.

Edge

Plain

Comment

The 1987 series was initially manufactured to be part of the 1st Córdoba currency. Due to the 1988 redenomination and removal of 3 zeros, the 1987 series was introduced into the 2nd Córdoba currency. While these coins are dated 1987, they were not released into circulation until 1988 after the conversion was made.

Due to high inflation caused by fiscal mismanagement in the 1980s, the Córdoba was again redenominated in 1990 at a rate of 1 Córdoba "Oro" = 5,000,000 "old" Córdobas.

Interesting fact

The 5 Centavos coin from Nicaragua was designed by the country's famous artist, Francisco Salazar. He was known for his work in sculpture and coin design, and his artwork can be found in various museums and institutions across Nicaragua. The coin's design features the national emblem of Nicaragua on one side and the denomination on the other. It's a unique and interesting piece of numismatic history that collectors and art enthusiasts might find fascinating.