Yoraco Indian Chiefs of Venezuela ND

Reverse

Eagle with wings spread, holding arrow on claws. Series name on half top, metal and fineness at center, minting place on bottom

Script: Latin

Lettering:
CACIQUES DE VENEZUELA
SIGLO XVI
Gr. 15 LEY
ORO 900
R.C. P.C-V.
ACUÑACION 1955-1960
Inter - Change Bank ∙Suiza

Translation:
Indian chiefs of Venezuela
16th. Century
15 g. fineness
gold 0.900
minted 1955-1960
Inter - Change Bank Suiza

Engraver: R.C.

Edge

Reeded

Comment

See the 60 Pesos medals documentation in the comments section of those coins. After the success of the initial 22.2 grs series in 1955 (12 medals out a total 20 because of a further subsequently issued 8), a number of others sizes were issued to conform with current European coin sizes at the time. These medals were widely used by Venezuelans as money to protect themselves from high inflation at the time and were also used to settle foreign payments by the government because fixed exchange rates based on the gold standard were in effect then.