Costa Rican peso Costa Rican peso The peso was the currency of Costa Rica between 1850 and 1896. It was initially subdivided into 8 "reales" and circulated alongside the earlier currency, the real, until 1864, when Costa Rica decimalized and the peso was subdivided into 100 "centavos". The peso was replaced by the colón at par in 1896 In 1850, silver coins were issued in denominations of , ⅛ and ¼ peso. In 1864, silver coins were introduced in denominations of 25 centavos and 1 peso. These were followed the next year by cupro-nickel ¼ and 1 centavos and silver 5, 10 and
Currency money Currency money Currency money is money in full circulation that takes its value from the precious metal it contains, that is, its market value is (almost) the value of the metal it contains (apart from the Seigniorage or the minters' profit), though this is always overcompensated for in coins and banknotes from a country undergoing debasement. Currency money is usually made of silver or gold, but in very rare cases plated metal and even copper may be used. Currency money is commodity money, as opposed to coins whose metal value is less than their nominal value, paper money, and deposit