5 Pesos Papel Moneda

These coins were authorized under Colombia's monetary reform following the catastrophic Thousand Days War (1899–1902), a civil conflict that had so thoroughly wrecked the national economy that the government had issued paper currency — "papel moneda" — in quantities that rendered it nearly worthless. The denomination name itself is a direct reference to that inflated paper money, with these copper-nickel pieces assigned a fixed equivalence to the discredited notes as part of the stabilization effort.

Multiple Hernández references (321, 322, 323) indicate die or date varieties across the production span — worth examining closely before cataloging individual pieces.