The 1965 Venezuelan Silver 2 Bolivares Business Strike Circulation Coin

in piratesunday •  16 days ago  (edited)

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” Blackbirds tend to like shiny objects” ~ The Bloody Raven

In August 1498 Christopher Columbus’ Third voyage explored the Gulf of Paria that divided the Island of Trinidad from South America. In addition, he also discovered the mouth of the great Orinoco River, evidence that the land to the south was not another Island but an entire continent, the basin region of the river was eventually be named Venezuela and Columbia.

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Orinoco Basin Under CCO 4.0

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Now to the Coin!

1965 Venezuela 2 Bolivares
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Reverse: Republic De Venezuela, Coat of Arms
0.835 Silver, 10g, 27mm
Mintage of 7,170,000
Catalog Reference Y#A37

You’ve probably read the news accounts, seen the videos, even followed the testimonials of some of our fellow Steemians living in Venezuela.

Once upon a time, according to the monetary law of 1879, the Venezuelan Bolivares was defined to the equivalent to 4.5g of silver while 1887 the gold Bolivares was unlimited legal tender.
Then a day came in 1930 and Venezuela went off the gold standard and fixed its value with the US Dollar in 1934. It was relatively stable between 3 to 4 Bolivares to the US Dollar up until 1983.

Since then the Venezuelan Bolivares has had its volatile ups and downs. A Socialist government had climbed to power promising more social programs to deal with the growing needs as more of her citizens live at subsistence and impoverished levels. Venezuela depended very much upon her Income from her huge oil reserves. But instead of diversifying her economic and business base the country decided to nationalize its producers. When oil prices fell, the country fell into serious debt and the government resorted to its own form of Piracy of public wealth in destroying their own currency. Printing currency.

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Obverse: Simon Bolivar
BOLÍVAR LIBERTADOR
Engraver: Désiré-Albert Barre, Paris mint

My Venezuelan fellow nurse

I have this college at work from Venezuela and she described the kind of life living in Caracas. They were once part of a middle-class family with professional careers, owned rental properties and lived in a Penthouse. Conditions became terrible seems to put it lightly as her family eventually abandoned their homes and what semblance of what life they had there for there are no longer opportunities, social civility has crumbled due to lawlessness, and living became simply hopeless.

2001 20,000 Bolivares
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Simón Rodríguez and Angel Falls
August 16th, 2001
Reference Pick #86as.1

I asked if more of her family planned to immigrate here to Canada. They've inquired but Canadian professional colleges and associations had very high standards and numerous barriers. Financial, technical and bureaucratic barriers that prevent entry back into their professional training and skill sets. They would be forced to take on jobs unsuited to their training and careers they had built in Caracas.

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Blue and Gold Macaw Parrot and Angel Falls

Her relatives eventually chose to emigrate to Colombia and others in Chile. It was something I've wondered about why my own Canadian leaders are so enamored of expediting the importing Muslim immigrants at the expense of those who have educations, able to speak English, self-sufficient, proven productive, marketable skills. In all, much more ideal candidates. Stupidity or a misguided ideologically driven agenda?

Thought Exercise

Rather than having this 20,000 Bolivares note in 2001, imagine if it were in Silver coin 2 Bolivares?
10,000 coins that would be 83,500g or 83.5 kg of Silver or 2,684 Toz.
So, at today’s price of $18.00 USD per oz, that would be $48,327 USD.
This is why we #steemsilvergold pirates Stack precious metals.
All fiat currency eventually goes to ZERO!
Please check my math @stokjockey and @silversaver888

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The current Venezuelan Currency is called Bolivares Soberano (sovereign) replacing the Bolivares Fuerte (Strong) in August 20th, 2018.
Bolivares Fuerte originally replaced Bolivar on January 1st, 2008.
Bolivar originally replaced the Veneaolano to consolidate various currencies.

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Simon Bolivar By Unknown under Public Domain

The hero of Latin American independence from the Spanish Empire not merely for Venezuela but also for Bolivia, Columbia, Ecuador, Peru and Panama by 1830. He was born from an aristocratic family, educated in Europe, but an amazing political and even more brilliant a Military Career.

I hope you enjoyed this coin feature, thank you for stopping by for a read.

References

1. My own pictures shot with a Samsung SM-A530W
P. Image under Pixabay
R. Clip art from 123RF
W. Wiki Commons

The Third voyage of Columbus
1965 2 Bolivares Silver Coin Numista
Simon Bolivar Wiki
Banknote World Venezuela
Venezuelan Bolivares

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“Et lux in tenebris to serve laboro, sum sicarius” “I work in the shadows to serve the Light, I am an Assassin”

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Wow the piracy of public wealth! What a sad situation! That is a beautiful coin and coat of arms. What is that animal in the coat of arms, somehow my zoom doesn’t work, lol!
Beautiful notes, and such large denominations!
So I watched the entire series in Netflix about the biography of Simon Bolivar... and to die away from his native land that he dedicated his entire life and live to. It made me cry.
Thanks for this article, sis @kerrislravenhill! I learn world history through the coins you show!
Happy pirate Sunday, my sweetest stacking sister! A million of hugs and kisses🤗🤗🤗😍😍😍😘😘😘!!!

This coin is only the 2 Bolivares as I was hoping to find the bigger 5 Bolivares silver at the coin show, I may just try Ebay if I'm lucky to get one at a decent price. It's a horse, close up on the note here. Simon Bolivares tactics and strategies were comparable to Alexander the Great and Nepoléan, adding to that a unique passion for independence and freedom. Thanks for your most anticipated comment Sis!

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Thank you for your #PirateSunday support Kerris @kerrislravenhill

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For you, I always try to put in that little extra effort. ☠💋🏴‍☠️💗⚓

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People are desperate to leave VE still, it will likely get worse before it gets better... As far as your question about preference for less educated folks from further away, it seems the Crown is still in charge and executing the same failed policies in Canada as they are in Europe. Even worse in the US, btw but I blame the DIMS and the RINOS... They will be held to account soon enough, then maybe Canada can piggyback on with US and fix some bad policy!

In Canada we're subjects of the Crown, in the US, you are citizens, a big difference. Our Charter of Rights is practiced as more like a Chater of Suggestions.

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Stack on pirate.. stack on. !BEER

Aye, until the day me fiat dollars can't buy no more.
Beer? Hmmm, you must be out of tokens, I'm more on the Coolers , Spritzers and ciders but I do indulge in the occasional ale. 🍺 Thank yea, kindly.

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I have plenty. I'm sure it's user error..

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Thank you @bearbear613 , I'll check the link when time permits.

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Hello kerrislravenhill!

Congratulations! This post has been randomly Resteemed! For a chance to get more of your content resteemed join the Steem Engine Team

Thanks ,I am already on the Steem Engine Discord.

Stupidity or a misguided ideologically driven agenda?

I personally think that it falls along the line of the "squeaky wheel" or "the most recent ideological issue of the day". People are strange.