Venezuela Gold Commemorative Medal: Aborígenes y Figuras Legendarias

This is a Venezuelan commemorative gold medal from the series 'Aborígenes y Figuras Legendarias' (Aborigines and Legendary Figures). The medal features a central relief of a pre-Columbian indigenous figure, likely representing a Cacique or a deity, characterized by large, stylized eyes and folded arms. This central icon is framed by a highly detailed laurel and floral wreath. Above the figure, the text 'ORO LEY 900 GR. 15' indicates the piece is struck in 900 fine gold (21.6 karats) and has a weight of 15 grams. The perimeter is inscribed with the series title and the country name 'VENEZUELA', all enclosed by a beaded border. The metal displays a bright yellow-gold luster with slight reddish toning or patina around the recesses of the engraving, which helps define the relief. The craftsmanship shows high-quality die-striking with crisp lettering and fine detail in the wreath’s textures. Regarding condition, there is minor contact wear visible on the raised surfaces and small nicks along the rim, consistent with handling. This series was primarily produced in the mid-20th century, specifically the 1950s, by private mints like Inter-Change Bank or Italcambio to celebrate Venezuelan indigenous heritage and folklore.

Upon visual examination of this Venezuela Gold Commemorative Medal from the 'Aborígenes y Figuras Legendarias' series, I find it to be a well-preserved example of mid-20th-century Venezuelan numismatic artistry. Struck in .900 fine gold with a weight of 15 grams, the piece contains approximately 0.434 troy ounces of pure gold. The bright luster and characteristic reddish toning in the recesses suggest an authentic strike from the 1950s, likely by Italcambio. The relief remains crisp, though minor contact marks and rim nicks place it in 'About Uncirculated' condition. Centered on the indigenous 'Cacique' iconography, this series maintains strong demand among South American collectors and bullion investors alike. The market value is primarily driven by the fluctuate spot price of gold, carrying a numismatic premium of 15-25% due to its historical theme and series popularity. Limitations: This appraisal is based on image analysis; I cannot verify the exact weight or sound (the 'ping' test) to rule out contemporary counterfeits or core-drilling. A physical inspection using a Sigma Metalytics Verifier or XRF analysis, alongside a calibrated scale, is required to definitively confirm the 15-gram weight and .900 gold purity. Provenance documentation or the original presentation case would further enhance its marketability.