The acid‐catalyzed heterolytic cleavage of the Co‐C bond in coenzyme B12 (1) and adocobinamide hydroxide (2) was studied using the excess‐acidity functions of Cox and Yates. The results are compared to the acid‐induced decomposition of methyl(5′‐deoxyribofuranosyl)cobalamin (3) and (2‐ethoxyethyl)cobalamin (4). Evidence is presented to view the bond cleavage in the compounds 1, 2 and 3 as an A2 mechanism or as an Ia substitution at Co3+, with water as the nucleophile, and in 4 as an A1 mechanism. For 1, the temperature dependence (289‐320 K) gives ΔS‡ = − 96 J/(K· mol), in agreement with the Ia (A2) mechanism. For the A2 reactions the volumes of activation [ΔV‡ = −11.4 (1), −8.2 (2) and −11.5 (3) cm3/mol in 2‐4M acid at 298K] are consistent with the proposed mechanism, but ΔV‡ for the A1 mechanism of 4 is exceptionally negative (‐7.2 cm3 /mol), probably due to intramolecular coordination in the transition state. A comparison with the much slower acid‐induced decomposition of 5′‐deoxyadenosine brings out the labilization of the furanosyl oxygen bridge by coordination of the 5′‐deoxyadenosyl or 5′‐deoxyribofuranosyl group at the β‐position to cobalt. For 5′‐deoxyadenosine the excess‐acidity treatment and the activation volume (ΔV‡ = 1.7 cm3/mol in 2 M acid) indicate a clear A1 mechanism.