This coin was retired and was melted, and was replaced by the coins of 1/4 Bolívar in 1894. Also, because the similarity in the weight by few grams, it generated a lot of confusion, and many clipped the edge to gain the face value of 1/4 Bolívar.
Equivalence in predecessor monetary units
This denomination is equivalent in value to "4 Centavos" (from the monetary units "Peso Fuerte" and "Venezolano")