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5 Pesos Pattern

Issuer Casa de Moneda de Chile
Year 1926
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Weight 12.5 g
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Obverse description Right-facing draped bust of an indigenous Araucanian chieftain wearing a feathered headdress with a decorated headband, rendered in high relief in a naturalistic artistic style characteristic of Oscar Roty. The legend CHILE arcs prominently to the left of the effigy, while the fineness mark 0.72 appears to the right in the field. The date 1926 is inscribed in the lower field beneath the bust. The entire design is enclosed within a beaded inner border and a reeded outer rim.
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Obverse lettering CHILE
0.72
1926
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Additional information

Chile's monetary reform of the mid-1920s was driven largely by the Kemmerer Mission — Edwin Kemmerer's team of American financial advisers brought in to stabilize a currency badly damaged by decades of inconvertible paper. Pattern strikes like this one were produced as the Casa de Moneda worked through proposed specifications before the reformed coinage was finalized. The .720 fineness itself reflects the compromises of that process; earlier Chilean silver ran higher, and the reduction was deliberate cost policy.

KM# Pn10 is among a small cluster of 1926 patterns that never advanced to circulation strikes.

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