5 Pesos

Chile's mid-century gold coinage was struck under a monetary framework inherited from the Spanish colonial decimal reforms, but the 1854 date marks a reorganization of the national coinage law that formally standardized weights and finenesses for domestic gold issues. The Casa de Moneda in Santiago — one of the oldest continuously operating mints in the Americas, having functioned since 1743 — was the sole producer throughout this run.

Chilean gold of this period circulated alongside a flood of Californian and Australian gold that was depressing bullion values globally. The 1867 end date roughly coincides with legislative pressure to reconsider gold coinage economics entirely.