Depicts a portrait of José Miguel Carrera.

José Miguel Carrera Verdugo (1785–1821) was a Chilean general, member of the prominent Carrera family, and considered one of the founders of independent Chile. Carrera was the most important leader of the Chilean War of Independence during the period of the Patria Vieja ("Old Republic").

After the Spanish Reconquista ("Reconquest"), he continued campaigning from exile. His opposition to the leaders of independent Argentina and Chile San Martin and O'Higgins respectively made him to live in exile in Montevideo. From Montevideo Carrera traveled to Argentina where he joined the struggle against the unitarians. Carreras' small army was eventually left isolated in the Province of Buenos Aires from the other federalist forces. In this difficult situation Carrera decided to cross to native-controlled lands all the way to Chile to once for all overthrow Chilean Supreme Director O'Higgins. His passage to Chile, which was his ultimate goal, was opposed by Argentine politicians and he engaged together with indigenous tribes, among the Ranquels, in a campaign against the southern provinces of Argentina. After the downfall of Carreras' ally, the Republic of Entre Ríos, and several victories against the United Provinces of the Río de la Plata Carrera's men were finally defeated by numerically superior forces near Mendoza. Carrera was then betrayed by one of his Argentine helpers, leading to his capture and execution in that city.

Depicts the coat of arms of Chile, value, date and mintmark below.

The coat of arms of Chile dates from 1834 and was designed by the English artist Charles Wood Taylor (1792-1856). A five pointed white star is in the centre of the shield. This background is supported in one side by a condor, the most significant bird of prey from the Andes, and in the other, by a huemul (south Andean deer), a mammal endemic to Chile. Both animals wear golden naval crowns symbolising the heroic deeds of the Chilean Navy in the Pacific Ocean.

The coat of arms is crowned by a three-feathered crest, each feather bearing one colour: blue, white and red. This crest was a symbol of distinction that former Presidents of the Republic used to wear on their hats.

Underneath the coat of arms and on the elaborated pedestal, there is a white band with the motto: Por la Razón o la Fuerza ("By reason or force").