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DOMINICAN REPUBLIC: AE 10 centesimos de franco, 1891-A, PCGS MS64 RB

Currency:USD Category:Coins & Paper Money / World Coins - The Americas Start Price:85.00 USD Estimated At:100.00 - 150.00 USD
DOMINICAN REPUBLIC: AE 10 centesimos de franco, 1891-A, PCGS MS64 RB
SOLD
220.00USD+ (44.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2022 May 14 @ 16:17UTC-7 : PDT/MST
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DOMINICAN REPUBLIC: AE 10 centesimos de franco, 1891-A, KM-9, one-year type struck at the Paris Mint, a wonderful lustrous example! PCGS graded MS64 RB, ex Joe Sedillot Collection. The franco was a currency introduced in the Dominican Republic in 1891, as the Dominican Republic Government, then headed by president Ulises Heureaux, intended to join the Latin Monetary Union. It was subdivided into 100 centesimos. Five denominations of coins were issued: 5, 10 and 50 centesimos, and 1 and 5 francos. Although apparently intended to replace the Mexican peso which was the main circulating currency back then, this did not happen, because the Dominican Government did not establish parity with the circulating Mexican peso and in 1897, new coins denominated in pesos and similar in design to the franco coins were introduced.