Cuba Money?

Question

Is it true that like in the 30's and 40's and earlier..cubans used gold coins worth like 50,100 and i dont know what else..my grandma told me that her dad owned a store in cuba and that she used to help him count the money..and they didnt have banks(i am pretty sure they did but i dont think old cubans used them) she said that they used to store the money in sugar sacks and stuff like that in their house ...do you think that is true...?if you dont know do not answer "no" or ur "grandma is crazy.".becuz for all i know when my grandmother claims to be counting money your grandparents would have been farming the fields..so stfu..grr..lol

Answer 1

I referred to my coin book and found no Cuban gold coins minted in 1930s and 1940s bearing the denominations of 50 and 100 pesos. There were, however, gold coins in the denominations of 1, 2, 4, 5, 10 and 20 pesos in circulation from the years 1915 till 1916. The values of 50 and 100 pesos back in the 1930s and 40s or earlier would have been too big to be made into gold coins for circulation. There is a possibility that the gold coins your grandma mentioned were from neighboring countries used as interim currency in Cuba either because no Cuban coins were minted during that period of time or due to lack of local coinage in a particular location. I can't tell you about the sugar sacks though, but I believe that people did keep coins and banknotes in various storage devices because banks were either scarce or unavailable, or simply because people in the olden days did not trust banks in a time of war and economic hardship.

Answer 2

I sort of believe it. I do not think it was worth quite that much, but maybe a lesser denomination.