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Socialist Coinage

Cuban 1968 Star 5 Centavos coins minted in Leningrad and Kremnica

Saturday, September 13th, 2008

Cuban 5 Centavos coins were minted in Kremnica, Czech Republic, from 1960 to 1972, with the exemption of 1968, when for unknown reasons 5 centavos coins were also minted in Leningrad, USSR (currently Saint Petersburg, Russia). To our knowledge, this is the only instance in Cuban numismatic history that the same year coins were minted at two different locations. It is also the only year that 5 centavos coins form Cuba were minted in Leningrad, although 20 centavos coins were minted in Leningrad in 1962 and 1968 and 40 centavos in 1962. The year 1968 also marks a sharp increase in mintage, from close to 50 million in 1966 to over 200 million in 1968, combining the 100 million minted in Kremnica with the 103 million struck in Leningrad. Although there are no mintmarks on these coins, a few differences in both the obverse and reverse designs can be noted. The following table summarizes these main differences:

  Kremnica Leningrad
Obverse

Cuba 1968 5 Centavos - Kremnica - Obverse

The left point of the Star (obv.) points between the A and T of PATRIA.

Cuba 1968 5 Centavos - Leningrad - Obverse

The left point of the Star (obv.) is aligned with the right leg of the first A of PATRIA.

Reverse

Cuba 1968 5 Centavos - Kremnica - Reverse

The end leaf of the oak branch (rev.) points at the middle of the N of CENTAVOS.

Cuba 1968 5 Centavos - Leningrad - Reverse

The end leaf of the oak branch (rev.) is in line with the right stand of the N of CENTAVOS.

Oops!… Krause did it again - Part II

Wednesday, August 6th, 2008

In this, the second part of this post, we will summarize some of the inaccuracies or mistakes that we have found among the “Second Republic” Cuban coin listings in the latest edition of the 2009 Standard Catalog of World Coins, Krause Publications, 36th Edition.

As far as the 1961-2000 period goes, coinage information is incomplete and in a few instances inaccurate. For example, a 1967 1 centavo is listed, which to our knowledge was never minted. The corrected listing is shown below.

Likewise, the 1970 20 centavos is listed. This mistakes leads to further mistakes, as the mintage figures are shifted affecting the 1971 and 1972 listings as well. The image below shows what the current listings look like, highlighting the inaccuracies.

None of these two coins is listed in any of the catalogs of Cuban coins printed by the “Banco Nacional de Cuba” or the “Museo Numismatico”. Besides, mintage information is rather incomplete, particularly for coins struck after 1979. In our online guide, we have updated mintage data up to 2003. Market prices listed in the Krause catalog, although hard to estimate for modern Cuban coins, do not always reflect recent market trends. For instance, we have seen the 1983 2 Centavos, Small Letters variety, sell for $35-$40 in multiple occasions in the last year, but it lists for $2 in BU condition. However, it is understandably hard to find consensus on prices of modern Cuban coins when prices are not only affected by mintage and population figures, but also by the political situation that masks the availability in certain markets (e.g.: in the US because of the embargo).

Our online price guide intends to clarify some of the discrepancies reviewed above, and to provide updated market value information for Cuban coins. If you have any comments or questions, please post them below.

2002 3 Pesos Ernesto Che Guevara

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1995 3 Pesos Ernesto Che Guevara

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1993 3 Pesos Ernesto Che Guevara

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1992 3 Pesos Ernesto Che Guevara

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1990 3 Pesos Ernesto Che Guevara

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2002 1 Peso Jose Marti

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2001 1 Peso Jose Marti

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1994 1 Peso Jose Marti

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