In 1897 gold 2, 5, 10 and 20 colones were issued. Later, silver 50 centimos and cupro-nickel 2 centimos were issued in 1903. In 1905 silver 5 and 10 centimos were issued. The 5 and 10 centimos had the initials G.C.R. ("Gobierno de Costa Rica") because they were issued by the government.