Background Information
The 1930 Peru 1 Sol silver coin, graded NGC KM, is a highly sought-after piece in the numismatic world. This coin holds significant historical and numismatic value, making it a prized possession for collectors. Let’s delve into the details of this remarkable coin.
Design and Features
The obverse of the coin features the portrait of the then-President of Peru, Dr. Augusto B. Legu铆a. The portrait is surrounded by the legend “REPUBLICA DEL PERU” and the date “1930.” The reverse of the coin showcases the national emblem of Peru, which includes a shield with various symbols representing the country’s history and culture. The legend “UN SOL” is inscribed below the emblem, indicating the coin’s denomination.
Material and Specifications
The 1930 Peru 1 Sol silver coin is struck in 90% silver and contains 0.875 troy ounces of pure silver. The coin has a diameter of 38.6 mm and a thickness of 2.5 mm. The coin’s weight is 27.07 grams, making it a substantial piece.
Grading and Certification
The coin has been graded by the Numismatic Guaranty Corporation (NGC), one of the most reputable grading services in the industry. The coin has been assigned the grade of “KM,” which signifies its exceptional condition. The “KM” grade is a testament to the coin’s pristine condition, free from any scratches, stains, or other imperfections.
Historical Significance
The 1930 Peru 1 Sol silver coin holds historical significance as it was minted during the presidency of Dr. Augusto B. Legu铆a. Legu铆a was a prominent figure in Peruvian politics and his presidency was marked by economic and social reforms. The coin serves as a reminder of this period in Peruvian history.
Numismatic Value
The 1930 Peru 1 Sol silver coin is highly valued by collectors due to its rarity and historical significance. The coin’s silver content, coupled with its exceptional condition, makes it a valuable addition to any numismatic collection. The coin’s value can vary depending on its condition, rarity, and market demand.
Market Demand
The demand for the 1930 Peru 1 Sol silver coin has been consistently high, with collectors and investors alike seeking to add this piece to their collections. The coin’s limited availability and its historical significance contribute to its high demand in the market.
Comparison with Other Coins
When comparing the 1930 Peru 1 Sol silver coin with other coins from the same era, it stands out due to its exceptional condition and historical significance. While other coins from the same period may have similar silver content, the 1930 Peru 1 Sol coin’s pristine condition and rarity make it a more valuable piece.
Collecting Tips
For those interested in collecting the 1930 Peru 1 Sol silver coin, it is essential to purchase from reputable dealers and ensure that the coin is certified by a reputable grading service like NGC. Additionally, it is crucial to handle the coin with care to maintain its condition and value.
Conclusion
The 1930 Peru 1 Sol silver coin, graded NGC KM, is a remarkable piece with historical and numismatic value. Its exceptional condition, rarity, and historical significance make it a highly sought-after coin among collectors. Whether you are a seasoned collector or new to the numismatic world, the 1930 Peru 1 Sol silver coin is a valuable addition to any collection.