The Colombia gold peso coin was introduced in the 1800s with denominations of 16 pesos, 2 pesos and 1 peso coins dating from 1837 to 1839 by the Republic of New Grenada. An earlier version of the gold 5 peso coin of 1810 is also available. The coins were a continuation of a mint that had been issued in 1837 bearing the name of the Republic of Colombia.
A decade later, Colombia decimalized its currency. This led to the introduction of copper coins while the 10 gold peso coins came along in 1853. The gold 5 peso coin was introduced in 1856. The Grenadine Confederation then issued gold denominations of 20 pesos, 10 pesos, 5 pesos, 2 pesos, and 1 peso from 1859 to 1862. The United States of Colombia issued similar denominations starting 1862. The Peso was then pegged to the sterling pound leading to the introduction of the 5 and 2½ coins in 1913. Their compositions and weights were similar to the UK’s Sovereign and half Sovereign respectively. In 1919 and 1925, Colombia introduced gold pesos in denominations of 10 with other 5 and 2½ peso coins being introduced in 1930 and 1929.
The Colombia 10 peso gold coin is 15.9761g heavy, 26 millimeters in diameter, and has an actual gold content of 0.4710 (0.917 fineness). The Colombia gold 5 peso coin has a mass of 7.9881g, 0.2355 t/oz (0.9167 fineness) gold and a diameter and thickness of 22 and 1.5 millimeters respectively. The gold 2½ peso coin weighs 3.994g gross, 0.1177g (0.917 fineness) gold and is 21 millimeters wide. The gold 1 peso coin contains 0.0475 t/oz (0.917 purity) gold and is 14 millimeters in diameter.
Colombia gold peso coins are minted by the Colombian Mint, which was originally based in Bogotá and a branch in Popayán. The, which began minting gold in 1622, is also called the Nuevo Reino or the Santa Fe mint. The Popayán branch opened in 1758 to buttress the minting at the Bogotá mint. Traders or investors who buy or sell the Colombia gold peso coin are required to pay VAT or associated tax.
