Author Topic: Dominican Republic : Coinage in use prior 1937 ?  (Read 243 times)

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Offline MORGENSTERNN

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Dominican Republic : Coinage in use prior 1937 ?
« on: April 02, 2018, 06:59:13 PM »
Hello,
At the end of the XIXth century, the last coins issued for the Dominican Republic were dated 1897.
Then, this state issued coins since 1937 up to date.
But I wonder which was the coinage in use since 1897 to 1937 ?
Maybe no coins (only banknotes), a foreign currency (USD) or frozen date coins ?
Have you any idea ?
« Last Edit: April 02, 2018, 07:43:47 PM by MORGENSTERNN »

Offline andyg

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Re: Dominican Republic : Coinage in use prior 1937 ?
« Reply #1 on: April 02, 2018, 07:43:21 PM »
The US dollar replaced the Peso in 1905 at a rate of 5 to 1, so I presume they used US coins.

https://en.wikipedia.org/wiki/Dominican_peso
always willing to trade modern UK coins for modern coins from elsewhere....

Offline MORGENSTERNN

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Re: Dominican Republic : Coinage in use prior 1937 ?
« Reply #2 on: April 02, 2018, 07:46:47 PM »
The US dollar replaced the Peso in 1905 at a rate of 5 to 1, so I presume they used US coins.

https://en.wikipedia.org/wiki/Dominican_peso

Thank you
I did the same conclusion

Offline Figleaf

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Re: Dominican Republic : Coinage in use prior 1937 ?
« Reply #3 on: April 02, 2018, 08:24:48 PM »
For more details, see here.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.

Offline MORGENSTERNN

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Re: Dominican Republic : Coinage in use prior 1937 ?
« Reply #4 on: April 03, 2018, 12:08:26 AM »
For more details, see here.

Peter

So, if I well understand the US Dollar was the currency in use for that period...
...and Dominican Republic also import US coins for the change because "The coins were all of identical weights, diameter, and composition to U.S. coins of the era" (from the Wiki link about the 1937 coinage).

 



Offline Figleaf

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Re: Dominican Republic : Coinage in use prior 1937 ?
« Reply #5 on: April 03, 2018, 10:11:13 AM »
My understanding from the Wiki lemma is that in the period 1937-1947 the Dominican peso (DOP) was valued at par with USD and US coins and notes circulated alongside Dominican money. After 1947 until today, USD was widely accepted but no longer at par with DOP. I would expect that in general, the tourist trade runs on USD, while local transactions use DOP.

Peter
An unidentified coin is a piece of metal. An identified coin is a piece of history.