500 Córdobas

1987 year


Aluminium	1.9 g	23.5 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	500 Córdobas (500&nbspNIC)
Currency	Second Córdoba (1988-1990)
Composition	Aluminium
Weight	1.9 g
Diameter	23.5 mm
Shape	Round
Technique	Milled
Orientation	Medal alignment ↑↑
Demonetized	30 April 1991
Updated	2024-10-06

References

Numista	N#17456
Rarity index	29%

Reverse

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

Script: Latin

Lettering:
EN DIOS CONFIAMOS
500
CORDOBAS
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 500 Córdobas coin from Nicaragua, made of Aluminium and weighing 1.9 grams, is interesting because it was produced during a time of economic turmoil in the country. In 1987, Nicaragua was facing hyperinflation, with prices increasing by as much as 30% per month. As a result, the government was forced to introduce a new currency, the Córdoba, to replace the old peso. The 500 Córdobas coin was one of the denominations introduced during this time, and it was used widely in everyday transactions. Despite the economic challenges, the coin remains a fascinating piece of numismatic history.