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The Uruguay 1 Centesimo coin from 1936, cataloged as KM#19, represents a significant piece in the historical narrative of Uruguayan currency. This period was marked by various economic challenges and developments in Uruguay, and the 1936 1 Centesimo plays a role in understanding these financial shifts. The 1930s were a time of economic strain globally, and Uruguay was no exception. This coin reflects the nation's attempt to stabilize and modernize its currency amid the broader economic context of the time.
In the early 1930s, Uruguay faced considerable economic difficulties due to the global Great Depression, which impacted economies worldwide. The 1936 1 Centesimo was introduced during this period as part of Uruguay’s efforts to maintain monetary stability and meet the financial needs of its citizens. This era saw significant adjustments in economic policies and currency production to address the challenges of inflation and economic instability. The 1936 1 Centesimo is thus a representation of Uruguay’s resilience and adaptability in the face of economic adversity.
The design of the 1936 Uruguay 1 Centesimo coin is characterized by its classic numismatic elements, reflecting both the functional and symbolic aspects of Uruguayan coinage. On the obverse side of the coin, there is a depiction of the national emblem, which includes the sun with a human face, a symbol of freedom and national pride. The emblem represents Uruguay's identity and aspirations during a time of significant change. The reverse side of the coin features the denomination “1 Centesimo” prominently, along with the year 1936, providing a clear and straightforward indication of the coin's value and issuance year.
The mint responsible for producing the 1936 Uruguay 1 Centesimo was the Casa de Moneda in Montevideo. The Casa de Moneda, known for its high standards in coin production, played a crucial role in the minting of Uruguayan currency. This mint was instrumental in ensuring that each coin was produced with precision and attention to detail. The 1936 1 Centesimo, produced by the Casa de Moneda, reflects the quality and craftsmanship associated with Uruguayan coinage of the era.
The mintage of the 1936 Uruguay 1 Centesimo was relatively moderate, which adds to its significance among collectors. While the exact mintage figures for this specific coin are not always readily available, it is known that coins from this period were produced in quantities sufficient to meet the needs of the time but not so abundantly that they became excessively common. This balanced approach to mintage contributes to the coin's collectible value, making it a sought-after item for numismatists interested in Uruguayan history and currency.
The condition of the 1936 Uruguay 1 Centesimo, graded as Uncirculated (UNC), plays a pivotal role in its value and appeal. An Uncirculated coin is one that has never been used in everyday transactions and thus retains all of its original detail and luster. The surfaces of an UNC coin are free from wear and damage, showcasing the highest quality of minting. The 1936 1 Centesimo, in its Uncirculated state, presents the coin’s design and craftsmanship in its most pristine form, enhancing its desirability among collectors and its overall market value.
In conclusion, the 1936 Uruguay 1 Centesimo KM#19 is a noteworthy example of Uruguayan numismatic history. Its historical context, combined with its classic design, moderate mintage, and Uncirculated condition, makes it a valuable and collectible coin. The coin provides insight into Uruguay’s efforts to navigate economic challenges during a tumultuous period while preserving the quality and integrity of its currency. As a representation of the country’s monetary history, the 1936 1 Centesimo holds a special place in the world of numismatics, offering a glimpse into Uruguay’s economic and cultural heritage during the early 20th century.