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5 Pesos

Issuer Argentina
Year 1961-1968
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Currency Peso moneda nacional (1881-1969)
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Obverse lettering REPUBLICA ARGENTINA
(Translation: Republic of Argentina)
Reverse description Large numeral '5' dominates the central field, flanked on either side by a single upward-curving olive or laurel spray rendered in fine relief. The denomination legend PESOS is inscribed in raised Latin letters below the numeral, with the date of issue appearing in the lower field beneath it. A continuous beaded border frames the entire reverse design.
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Additional information

Argentina's nickel-clad steel coinage of the early 1960s was partly a response to chronic peso devaluation that had rendered smaller denominations economically pointless. The 5 Pesos sat at a denomination that actually bought something when first struck, then watched that purchasing power evaporate across its seven-year run as inflation averaged above 20% annually through the Frondizi and Illia governments.

The shift to nickel-clad steel reflected a deliberate cost-reduction policy — the Banco Central had already cycled through several alloy changes in the prior decade chasing the same goal.

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