5 Pesos Pattern

Chile's monetary reform of the mid-1920s was driven largely by the Kemmerer Mission — Edwin Kemmerer's U.S. advisory team, which restructured the currency systems of several South American nations in succession. This pattern was produced as part of that broader effort to stabilize and rationalize Chilean coinage following years of inflationary paper emission. The 1926 5 Pesos pattern in .720 silver was never adopted for circulation; the reforms ultimately moved Chile toward a new peso structure that rendered the denomination redundant before production could begin.