Catalog
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| Issuer | Banco Central de Reserva del Peru |
|---|---|
| Year | 1985 |
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| Composition | Brass |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The reverse bears a right-facing bust of Admiral Miguel María Grau Seminario, the celebrated Peruvian naval hero, rendered in low relief and occupying the central field. He is depicted with his characteristic full beard and wearing a military uniform with a bow tie visible at the collar. The curved legend 'GRAN ALMIRANTE MIGUEL GRAU' arcs along the upper periphery of the coin in bold Latin lettering. |
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| Additional information |
Peru's 1985 coinage marked the introduction of the Inti, a currency created to replace the Sol de Oro at a rate of 1,000 to 1 following years of severe inflation driven by fiscal mismanagement and external debt pressure. The Inti itself would last barely six years before hyperinflation — peaking above 7,000% annually by 1990 — rendered it equally worthless, necessitating yet another replacement with the Inti Millones and eventually the Nuevo Sol in 1991.
The brass céntimo fractional denominations saw almost no practical circulation from the outset; prices had already outpaced them before the coins left the mint.