Argentina 1989 10 australes

from the Mountain Groan Collection

This type was issued in 1989 during Argentina's third currency reform. Argentina was to suffer from bouts of hyperinflation for forty years, impoverishing a once prosperous region. In 1970, 100 old pesos = 1 new peso; in 1983, 10000 pesos = 1 peso argentino; in 1985, 1000 pesos argentinos = 1 austral. Another reform would occur again in 1992. The drab, charmless design of this coin suggests that its makers did not intend it for long service.

Recorded mintage: 99,600,000.

Specification: 2 g, aluminum, 23.2 mm diameter.

Catalog reference: KM 102.

Source:

• Michael, Thomas, and Tracy L. Schmidt, Standard Catalog of World Coins, 1901-2000, 47th ed., Iola, WI: Krause Publications, 2019.

Link to:

• 1987 5 centavos
• 1987 centavo
• 1991 100 australes, Ibero-American
• 1993 10 centavos
• Coins and currency dated 1989
• return to Argentina