Nuevo peso: coin from Oriental Republic of Uruguay

NUEVO PESO: COIN OF URUGUAY

5 nuevos pesos, 1980: Oriental Republic of Uruguay

5 nuevos pesos, 1980: Oriental Republic of Uruguay

Theme of the coin: national symbols of Uruguay.

N$ 5: Nuevo Peso 5.

Erythrina crista-galli or cockspur coral tree — the national flower of Uruguay and Argentina.

URUGUAY.

National flag of Uruguay blowing in the wind.

So: mintmark under the date — Mint of Santiago, Chile (Casa de Moneda de Chile).

Mintage: 50.000.000.

  • Copper-nickel: 26 mm - 8.05 g
  • Reference price: 0.7$

COIN NUEVO PESO — WHERE & WHEN (coins catalog: by names & emitents)
  1. ORIENTAL REPUBLIC OF URUGUAY (1976-1989): nuevo peso = 100 cent├ęsimo
  2. UNITED MEXICAN STATES (1992-1995): nuevo peso = 100 centavo

NUEVO PESO as coin name.
As you can easily guess, translated from Spanish, Nuevo is New. That is, the nuevo peso is essentially just a new peso.
At the end of the 20th century, coins of the mentioned denomination were minted by two Latin American states: Mexico and Uruguay. Interestingly, both unrelated currencies had an identical graphic symbol — N$.
In both the first and second cases, the nuevo peso served as a temporary, transitional currency.
This denomination can be considered a variety of the peso.