Uruguay's 1970 coinage came at a moment of acute economic strain — peso inflation had been grinding through the previous decade, and within two years the government would institute a currency reform replacing 1,000 old pesos with a single nuevo peso. This 50-peso piece was effectively born obsolete, its face value already eroded before it left the mint.
Uruguay's 1970 coinage came at a moment of acute economic strain — peso inflation had been grinding through the previous decade, and within two years the government would institute a currency reform replacing 1,000 old pesos with a single nuevo peso. This 50-peso piece was effectively born obsolete, its face value already eroded before it left the mint.