10 Centavos reeded edge, non-magnetic

Argentina's convertibility regime, pegged at one peso to one US dollar from 1991, created unusual monetary stability that kept these small-denomination coins in active circulation far longer than economic conditions might otherwise have allowed. When the peg collapsed catastrophically in late 2001 and early 2002, the ensuing cash crisis saw Argentines hoarding coins of any kind, briefly making even centavo pieces scarce at street level despite their face value being nearly worthless.

The non-magnetic aluminium bronze composition distinguishes this type from the later magnetic steel issues introduced as production costs rose.