Description
This is the extremely rare 1937 1 Peso coin.
Also known as ABC. The the coin is in excellent
condition, in almost uncirculated condition, no scratches, bends, no fading
of relief, beautiful coin
Moneda cubana.Cuban coin. Encapsulated and rated as: UNC DETAILS CLEANED by NGC.(Numismatic Guaranty Corporation)
The images is of the actual coin that you will receive.
ABC coins were minted while the ABC political
party was in power from 1932 to 1939.
There are long stories about the 1937 coin and
the reason for its high value. To mention one story
in particular in abbreviated form, because an
accident during the shipment of the 1937 coins made in
USA to Cuba most of the coins were lost in the bay as
the crate containing the coins broke, most coins went
to the dark and deep waters of the bay, the coins
that survived the accident were sent to Cuba and
kept in a vault for many years waiting for a
resolution of who was going to pay for the loss of
the coins in the accident.
Sixteen years
later, in 1953, the government of Cuba wanted
to issue a set of coins in honor of Jose Marti
100th birthday, but they didn't have the silver to
make the coins, someone came up with the idea of
melting the 1937 coins in the vault to make the
1953 Marti coins, and that is what they did.
The few 1937 ABC coins that survived the accident
are supposedly the coins that were pocketed by
the people around the port at the time of the
accident and maybe some pilferage while the coins
were in the vault, in total very few coins survived,
and therefore the high value of the 1937 coin.
Have one to sell?