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5 Pesos

Issuer Casa de Moneda de Chile
Year 1927
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Reference(s) KM#173
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Reverse description The denomination numeral '5' appears prominently at the top of the central field, followed below by the legend 'CINCO PESOS' in two lines of raised Latin capitals, with the date '1927' beneath. The entire inscription is enclosed within a wreath of laurel branches tied at the base with a ribbon bow, with the branches curving symmetrically from the lower field to the upper periphery. A beaded border surrounds the design.
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Reverse lettering 5 CINCO PESOS 1927
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Additional information

Chile's 1927 five-peso issue came directly out of the monetary reforms pushed through under President Emiliano Figueroa, as the country attempted to stabilize its currency after decades of inconvertible paper money — the so-called "período de papel moneda" that had plagued Chile since the 1870s. The Banco Central de Chile had only been established two years earlier, in 1925, largely at the insistence of Edwin Kemmerer's American financial mission.

The Santiago mint struck these under tight new banking regulations that finally pegged the peso to gold. KM#173 was produced for only a narrow window before silver coinage of this size became economically unviable.

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