The peseta was a short-lived denomination issued by Peru between 1880 and 1882. The peseta was subdivided into 10 reales, with 5 pesetas equal to 1 sol. The sol continued to be produced during this period and was not replaced by the peseta.
Silver coins were issued by the Lima mint in 1880 for 1 and 5 pesetas, with further issues of 5 pesetas made in 1881 and 1882 by the Ayacucho mint. A small number of ½ real coins was minted in 1882, also at the Ayacucho mint.