It was played six times from its first edition in 1970 to the last in 1976, thus integrating the league champions clubs of Venezuela, Colombia, Peru, Ecuador and Bolivia.

Due to its format, it was a historical precedent of the Copa Merconorte, played between the same Bolivarian countries or the Andean Community from 1998 until the 2001 edition.

[2] It was not organized by CONMEBOL or FIFA, similar to the case of the old River Plate tournaments such as the Copa Aldao, which is also considered official.

The tournament began in 1970 on the initiative of the Venezuelan Football Federation and initially counting on the support and participation of the Colombian clubs affiliated to the Colombian Football Major Division, the governing body of the Colombian league and which even created previous qualification systems to the tournament [12][13] in the first three editions only included clubs from Colombia and Venezuela, from 1975 representatives of Peru joined, Bolivia and Ecuador; the tournament was discontinued in 1976 for calendar and economic reasons.

The reasons for the disappearance of the event were written by journalist José Visconti, for the newspaper El Nacional: Es muy difícil que la Copa Simón Bolívar sobreviva.