5 Pesos Pattern

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.