1962 Suriname 1-gulden

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villa66
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1962 Suriname 1-gulden

Beitrag von villa66 » Di 10.11.15 05:59

A 1962 Suriname 1-gulden, one of 150,000 business strikes coined in .720 silver, 28mm wide and 10.00g heavy. High-value in the five-coin series introduced in 1962 bearing the name of Suriname, then an autonomous part of the Netherlands.

An additional 100,000 of these silver guldens were minted dated 1966, but by then it was becoming increasingly clear that silver—after a run of some 26 centuries—was finished as a metal suitable for circulating coinage. The ’66 mintage was stillborn, leaving the 1962-dated coins like this one as the only Suriname 1-gulden pieces officially issued to circulation.

Nor did the 1-gulden denomination appear as a base-metal coin. When a copper-nickel equivalent did finally appear in 1987, it had been redenominated as a 100-cent piece—a fact that would have interesting consequences a few years into the 21st century.

Suriname had long since gained full independence from the Dutch (1975) when, on 1 January 2004, it replaced the old gulden with a Suriname dollar at a rate of 1000 old to 1 new. To avoid the cost of replacing the coinage, Suriname’s cent-denominated coins remained current as fractional coins of the new dollar.

So the 100-cent pieces had their face-value instantly increased a thousand-fold. This 1-gulden piece, on the other hand, simply slipped further into the past.

:) v.
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