1 Peso
Chile 1 Peso (O'Higgins Type)
Republic of Chile · 1956
A small, lightweight aluminum coin featuring a portrait of Bernardo O'Higgins on the obverse and Copihue flowers on the reverse.
- Country
- Republic of Chile
- Year
- 1956
- Denomination
- 1 Peso
- Metal
- Aluminum
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Overview
A small, lightweight aluminum coin featuring a portrait of Bernardo O'Higgins on the obverse and Copihue flowers on the reverse.
Historical significance
Bernardo O'Higgins (1778–1842) was a Chilean independence leader who freed Chile from Spanish rule in the Chilean War of Independence. This coin represents the mid-20th century circulation period before high inflation led to the replacement of the Peso by the Escudo in 1960.
Obverse (front)
Right-facing portrait of General Bernardo O'Higgins in military uniform. Inscription 'REPUBLICA DE CHILE' on the left and 'BERNARDO O'HIGGINS' below the portrait. Scalloped inner border.
Reverse (back)
Denomination '1 UN PESO' in the center with the date '1956' below. Above the denomination are two Copihue flowers (Chile's national flower) and the Santiago Mint mark (Sº). Scalloped inner border.
Estimated value
$0.25-$1.00 in average circulated condition; $3.00-$8.00 in Mint State (MS-63+)
What drives this coin's value
Condition (luster), presence of scratches (common on aluminum), and eye appeal. Because mintage is high, only top-tier uncirculated specimens carry a premium.
Grade assessment
Fine to Very Fine. There is visible wear on the hair details of the portrait and some contact marks/scratches in the fields, but all legends are clear.
Mintage & rarity
77,100,000; This coin is very common.
Authenticity & counterfeit red flags
Authentic coins are non-magnetic and very light. Counterfeits of this specific denomination and year are extremely rare because the coin has low market value.
Notable varieties & errors
No major die varieties are widely recognized for this year, though minor die cracks are common due to high-speed production.
Similar coins
Often confused with the smaller 1954-1955 1/2 Peso or earlier larger silver/copper-nickel Pesos. The 1954-1958 aluminum series can be distinguished by their extremely light weight and specific dates.
Care & preservation
Aluminum is a soft metal prone to scratching and corrosion from skin oils. Handle by the edges only and store in an acid-free PVC-free flip or capsule. Do not clean, as this removes the original luster and lowers collector value.
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