1 Melgarejo
Bolivia 1 Melgarejo (Military Merit Medal)
Bolivia · 1868
A silver coinage/medal featuring the dual busts of Melgarejo and Muñoz, issued during the presidency of Mariano Melgarejo.
- Country
- Bolivia
- Year
- 1868
- Denomination
- 1 Melgarejo
- Metal
- Silver (.900 fine)
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Overview
A silver coinage/medal featuring the dual busts of Melgarejo and Muñoz, issued during the presidency of Mariano Melgarejo.
Historical significance
This coin was issued under the regime of the notorious dictator Mariano Melgarejo. It celebrates the relationship between Melgarejo and his advisor, Mariano Donato Muñoz. These were often distributed to the military to ensure loyalty, as evidenced by the reverse legend praising valor and talent.
Obverse (front)
Conjoined busts of Mariano Melgarejo and Mariano Donato Muñoz facing left. Legend: 'LOS RESTAURADORES DE BOLIVIA'.
Reverse (back)
Central inscription 'AL VALOR Y AL TALENTO' above a row of stars. Legend: 'GRATITUD DE LA ESCUELA DE INFANTERIA' and the date 1868 at the bottom.
Estimated value
$100-$250 in Fine-Very Fine, $600-$1,200+ in Mint State conditions.
What drives this coin's value
Condition/grade is the primary factor. High eye appeal and original surfaces significantly increase the price compared to cleaned examples.
Grade assessment
Very Fine (VF); showing significant wear on the hair and high points of the busts, with some surface scratches and toning.
Mintage & rarity
Scarce; exact figures are unclear but they are much harder to find than standard 8 soles pieces.
Authenticity & counterfeit red flags
Check for correct weight and any signs of casting bubbles. Counterfeits of Melgarejo coinage are known to exist given their historical collector interest.
Notable varieties & errors
Varieties exist in the placement of the stars and minor legend spacing.
Similar coins
Often confused with the smaller 1/2 Melgarejo denominations or the standard Bolivian Soles of the same era.
Care & preservation
Do not clean or polish the silver surfaces. Store in a PVC-free archival holder to prevent environmental damage and toning.
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