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500 Nuevos Pesos
| Issuer | Uruguay |
|---|---|
| Year | 1989 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Diameter | 29 mm |
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| Obverse description | Draped bust of José Artigas, national hero and founding father of Uruguay, facing three-quarters right, depicted in military uniform with high collar. The portrait is rendered in moderate relief and occupies the central field. The circular legend REPUBLICA ORIENTAL DEL URUGUAY runs along the upper periphery, while the name ARTIGAS appears at the base of the design, flanked by two small dots. |
|---|---|
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| Reverse description | Log in to see details |
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| Reverse lettering | N$ 500 1989 |
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| Additional information |
By 1989, Uruguay's currency had been through a decade of sustained devaluation — the "nuevo peso" system introduced in 1975 replaced the old peso at 1,000:1, and inflation continued eating through even that reformed unit. A 500-nuevo-peso coin, worth roughly equivalent to a few U.S. cents at the time, reflects just how far purchasing power had collapsed before the country eventually redenominated again with the peso uruguayo in 1993, dropping three more zeros.