1058252 | CUBA. 1937-(P) AR ABC Peso. PCGS MS64.
By Jaime Valls Diaz . Philadelphia Mint. Edge: Reeded. National arms within wreath at right, denomination at left /
Laureate bust right, date lower right. KM 22; Y-16; E-13.
Please use this link to verify the PCGS certification number 38651350
Known as the "ABC Peso", these coins were struck by the United States Mint in Philadelphia between 1934 and 1939. They were initially meant to serve as backing for the paper money silver certificates issued by the Cuban Government in 1934; most were initially deposited in the National Treasury, but some coins also circulated.
"ABC" is not an acronym for a longer name; the ABC Society derived its name from the three cells that its members were organized into: cells A, B and C.
Dr. J. Martinez Saenz was the Cuban Secretary of the Treasury at the time of the coin's release and was responsible for the new coin, he suggested the coins be called "ABC Pesos" - a nod to the "secret" organization in which he was a leader.
The allegorical female figure is meant to symbolize the Cuban Republic, the Star is symbolic of a guiding light to lead the Republic "...in the great political and social renovation hoped for after the revolution..."
The ABC organization was not a group looking to form a national government or be a formal political party, it came together to oppose Machado and gradually dissolved after he was removed from office.