The Costa Rican Colón (named after Admiral Christopher Columbus) is the official currency in Costa Rica. During the colonial era, Spanish currency circulated and from Costa Rican independence in 1821, the usual currency was first the real and then the peso. Starting in 1896, the “Gold Heel” law was enacted, establishing the colón as a monetary unit, replacing the peso. In 1950 the Central Bank of Costa Rica was established, and from 1951. Between 1995 and 1998, the coin’s introduction started with 1, 5 and 10, 25, 50 and 100 colón coins, followed by the 500 colones coin issued in 2003.
The 500 Colones coin front design features The Coat of Arms, which illustrates three smoking volcanoes that symbolize the three mountain ranges that cross the country and a valley between the Pacific Ocean and the Caribbean Sea, which bathe the country, in each of these, there is a merchant ship representing the maritime history of the country. The seven arched silver stars represent the current provinces of the Republic. The reverse coin design has the denomination and coffee branches. This coin is part of the 2015 series, its rim is discontinuously fluted, and its color is gold.
Text: 500 Colones, República de Costa Rica, B.C.C.R, 2005.