1891, Peru (Republic). Large Silver Sol Crown Coin.
Mint Year: 1891 Mint Place: Lima Denomination: Sol Reference: KM-196.24. Material: Silver (.900) Diameter: 37.8mm Weight: 24.7gm
Obverse: Togate personification of the Republic seated beneath wreath ona column, holding stick topped by liberty cap, and leaning on shield. Comment: Inscribed band (“LIBER-TAD”) around column. Legend: FIRME Y FELIZ POR LA UNION – UN SOL Reverse: Wreath above shield with coat-of-arms of the Republic of Peru. All within sprays . Date below. Legend: REPUBLICA PERUANA LIMA 9 DECIMOS FINO T.D. - 1891
In the early 19th century, while most of South America was swept by wars of independence, Peru remained a royalist stronghold. As the elite hesitated between emancipation and loyalty to the Spanish Monarchy, independence was achieved only after the military campaigns of José de San MartÃÂn and Simón BolÃÂvar. During the early years of the Republic, endemic struggles for power between military leaders caused political instability.National identity was forged during this period, as Bolivarian projects for a Latin American Confederation foundered and a union with Bolivia proved ephemeral. Between the 1840s and 1860s, Peru enjoyed a period of stability under the presidency of Ramón Castilla through increased state revenues from guano exports. However, by the 1870s, these resources had been squandered, the country was heavily indebted, and political in-fighting was again on the rise.