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10 Soles de Oro Independence
| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1971 |
| Type | Commemorative circulation coin |
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| Obverse description | The Peruvian national coat of arms occupies the central field, depicting a quartered shield with a vicuña in the upper left canton, a cinchona tree in the upper right, and a cornucopia in the base, all surmounted by a civic wreath. The shield is flanked by palm and laurel branches tied at the base with a ribbon. The circular legend BANCO CENTRAL DE RESERVA DEL PERU runs along the upper periphery, while the date 1971 appears in the lower exergue. |
|---|---|
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| Obverse lettering | BANCO CENTRAL DE RESERVA DEL PERU 1971 (Translation: Central Reserve Bank of Peru 1971) |
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| Additional information |
This coin was issued to mark the sesquicentennial of Peruvian independence, commemorating the 150th anniversary of José de San Martín's proclamation of July 28, 1821. The anniversary fell during the military government of Juan Velasco Alvarado, whose nationalist agrarian revolution gave the occasion an ideological charge well beyond routine commemoration. Velasco had nationalized foreign oil interests in 1968 and was in the midst of dismantling the hacienda system — the sesquicentennial fitted neatly into a broader project of redefining Peruvian national identity around indigenous and anti-colonial themes.