1 Peso

KM#Pn38 designates this as a pattern strike, not a circulation issue — the Casa de Moneda de Chile produced it as a proposal during the period when Chile was actively debating monetary reform under the gold standard framework established by the Kemmerer Mission of 1925. Edwin Kemmerer, the American "Money Doctor," restructured Chile's entire banking and currency system that year, and several competing coin designs were tested before the final circulating types were settled.

No pattern from this series reached circulation. The silver composition itself was soon abandoned in favor of lower-denomination base metal coinage as the Depression-era commodity pressures mounted.