Uruguay's 1904 coinage experiments were part of a broader effort to rationalize the national monetary system following years of instability tied to the country's cattle-export economy and recurring debt crises. The 4 centésimos denomination was never adopted for regular issue — this pattern represents a denomination that died in committee, likely judged redundant alongside the existing 2 and 5 centésimos coins already circulating in copper-nickel.
KM#Pn38 is sparsely documented, with surviving examples almost certainly struck in very small numbers for official evaluation only.
Uruguay's 1904 coinage experiments were part of a broader effort to rationalize the national monetary system following years of instability tied to the country's cattle-export economy and recurring debt crises. The 4 centésimos denomination was never adopted for regular issue — this pattern represents a denomination that died in committee, likely judged redundant alongside the existing 2 and 5 centésimos coins already circulating in copper-nickel.
KM#Pn38 is sparsely documented, with surviving examples almost certainly struck in very small numbers for official evaluation only.