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Machu Picchu

Peru

1948

Reference data compiled from public catalogs

Estimated Melt Value

$57.12

Based on Silver spot price ($78.96/oz) · 90.0% purity · 25g

Updated 10:08 PM

Collector premium not included

Specifications

CountryPeru
Years Minted1948
Composition0.900 silver
Weight25 g
Diameter38 mm
ShapeRound
EdgeReeded

Design

Obverse

Features the coat of arms of Peru.

Reverse

Depicts the ancient ruins of Machu Picchu.

History & Notable Facts

The 1948 Peruvian commemorative for Machu Picchu was struck on silver planchets sourced from the Lima mint, marking one of the few times that era's coins directly referenced pre-Columbian history without romantic embellishment. That direct link to the Inca site, excavated just decades earlier, makes it a straightforward nod to archaeology rather than the myth-laden tales some peddle.

Design-wise, the reverse shows the terraced ruins in fine relief, likely drawn from contemporary surveys. We don't know the exact designer's name; records from Peru's mint in the 1940s are spotty. What we do have is a coin that weighs about 25 grams, with a diameter of 38 millimeters, though edge details vary by specimen.

As for mintage, figures are unreliable—estimates range from 10,000 to 50,000, but that's guesswork based on surviving examples. Some think it was melted down during economic shifts in the 1950s.

Never confuse it with later issues; this one's silver content kept it out of pocket change. That said, it's just a coin.

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