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5 Cents Magnetic

Issuer Bank of Uganda
Year 1976
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Composition Copper plated steel
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Obverse lettering BANK OF UGANDA 5 1976
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Reverse script Latin
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Additional information

The magnetic variant of Uganda's 5 cents emerged as a quiet cost-cutting measure during a period when Idi Amin's government was burning through foreign reserves at a ruinous rate. Copper-plated steel replaced the original bronze composition, a substitution driven by economics rather than any minting philosophy. KM#1a is the catalog designation separating it from its non-magnetic predecessor.