Item: i94390

Authentic Coin of:

Uruguay - Sesquicentennial of Revolution Against Spain Commemorative issue
1961BU Silver 10 Pesos 33mm (12.51 grams) 0.900 Silver (0.3617 oz. ASW)
Reference: KM# 43 | Engraver: Michael Rizzello
REPUBLICA ORIENTAL DEL URUGUAY EL GAUCHO HEROE NACIONAL 1961, head of El Caucho.
SESQUICENTENARIO·DE·LOS·HECHOS· HISTORICOS·DE·1811 around 10 PESOS within wreath.

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A gaucho is a skilled horseman, reputed to be brave and unruly. The gaucho is a national symbol in Argentina, Brazil and Uruguay. Gauchos became greatly admired and renowned in legends, folklore and literature and became an important part of their regional cultural tradition. Beginning late in the 19th century, after the heyday of the gauchos, they were celebrated by South American writers.

The gaucho in some respects resembled members of other nineteenth century rural, horse-based cultures such as the North American cowboy (vaquero in Spanish), the Chilean huaso, the Peruvian chalan or morochuco, the Venezuelan or Colombian llanero, the Hawaiian paniolo, the Mexican charro or the Portuguese campino.

According to the Diccionario de la lengua española, in its historical sense a gaucho was "a mestizo who, in the 18th and 19th centuries, inhabited Argentina, Uruguay, and Rio Grande do Sul in Brazil, was a migratory horseman, and adept in cattle work" In Argentina and Uruguay today a gaucho is, according to the same source, simply "A country person, experienced in traditional livestock farming". Because historical gauchos were reputed to be brave, if unruly, the word is also applied metaphorically to mean "Noble, brave and generous", but also "One who is skilful in subtle tricks, crafty". In Portuguese the word gaúcho (note the accent) means "An inhabitant of the plains of Rio Grande do Sul or the pampas of Argentina descended from European man and [Amer]indian woman who devotes himself to lassoing and raising cattle and horses"; and in Brazil gaúcho has also acquired a metonymic signification, meaning anyone, even an urban dweller, who is a citizen of the State of Rio Grande do Sul. In its purest sense, gaucho referred to the nomadic, often outlaw inhabitants of the great plains of Argentina, Uruguay and Brazil. In current usage, gaucho usually designates the rural working class in general."

Uruguay is a sovereign state in the southeastern region of South America. It borders Argentina to its west and Brazil to its north and east, with the Río de la Plata (River of Silver) to the south and the Atlantic Ocean to the southeast. Uruguay is home to an estimated 3.44 million people, of whom 1.8 million live in the metropolitan area of its capital and largest city, Montevideo. With an area of approximately 176,000 square kilometres (68,000sqmi), Uruguay is geographically the second-smallest nation in South America, after Suriname.

Uruguay was inhabited by the Charrúa people for approximately 4,000 years before the Portuguese established Colonia del Sacramento in 1680, meaning that Uruguay began to be colonized by Europeans relatively late compared with neighboring countries. Montevideo was founded as a military stronghold by the Spanish in the early 18th century, signifying the competing claims over the region. Uruguay won its independence between 1811 and 1828, following a four-way struggle between Spain, Portugal, and later Argentina and Brazil. It remained subject to foreign influence and intervention throughout the 19th century, with the military playing a recurring role in domestic politics until the late 20th century. The military seized power in a 1973 coup, installing a civic-military dictatorship; the military government persecuted leftists, socialists, and political opponents, resulting in several deaths and numerous instances of torture by the military; the military relinquished power to a civilian government in 1985. Modern Uruguay is a democratic constitutional republic, with a president who serves as both head of state and head of government.

Uruguay is ranked first in Latin America in democracy, peace, low perception of corruption, e-government, and is first in South America when it comes to press freedom, size of the middle class and prosperity. On a per-capita basis, Uruguay contributes more troops to United Nations peacekeeping missions than any other country. It tops the rank of absence of terrorism, a unique position within South America. It ranks second in the region on economic freedom, income equality, per-capita income and inflows of FDI. Uruguay is the third-best country on the continent in terms of HDI, GDP growth, innovation and infrastructure. It is regarded as a high-income country (top group) by the UN. Uruguay was also ranked the third-best in the world in e-Participation in 2014. Uruguay is an important global exporter of combed wool, rice, soybeans, frozen beef, malt and milk. Nearly 95% of Uruguays electricity comes from renewable energy, mostly hydroelectric facilities and wind parks. Uruguay is a founding member of the United Nations, OAS, Mercosur, UNASUR and NAM.

The Economist named Uruguay "country of the year" in 2013, acknowledging the innovative policy of legalizing the production, sale and consumption of cannabis. Same-sex marriage and abortion are also legal, leading Uruguay to be regarded as one of the most liberal nations in the world, and one of the most socially developed, outstanding regionally, and ranking highly on global measures of personal rights, tolerance, and inclusion issues.