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1 Peso small issue
| Issuer | Casa de Moneda de Chile |
|---|---|
| Year | 1981-1992 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Aluminium bronze (92% Copper, 2% Aluminium, 6% Nickel) |
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| Obverse description | Right-facing bust of Bernardo O'Higgins (1778–1842), Chilean independence hero and first Supreme Director of Chile, rendered in high relief with fine portrait detail. The legend REPUBLICA DE CHILE arcs along the upper periphery, with LIBERTADOR B. O'HIGGINS inscribed below the effigy. The engraver's name FR. THENOT appears at the base of the portrait, and the Santiago mint mark (So) is positioned to the left of the bust in the field. |
|---|---|
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| Reverse script | Latin |
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| Additional information |
Chile's peso had been decimated by inflation through the 1970s, and by the time this small-format issue entered production in 1981, a single peso was already a near-worthless denomination — retained more for accounting convenience than genuine purchasing power. The Pinochet government's Chicago Boys-influenced monetary reforms had technically stabilized the economy, but the 1 peso never recovered functional relevance in daily commerce.
Production continued through 1992 largely by institutional inertia before the denomination was quietly phased out of practical circulation.