40 Centavos

Chile's billon coinage of this period was a stopgap measure born from silver price volatility — by the early 1900s, maintaining higher-fineness fractional coins had become fiscally untenable as global silver markets fluctuated sharply following the demonetization waves of the 1870s and 1880s. The .400 standard was a deliberate compromise, preserving the appearance of a silver coin while slashing the metal content enough to keep production solvent.

The issue ran only two years before Chile's monetary reforms pushed toward a more rationalized coinage structure.