Mexican Peso Coins From Past to Present

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Detailed view of 500 Mexican peso banknotes featuring Benito Juárez.
Credit: pexels.com, Detailed view of 500 Mexican peso banknotes featuring Benito Juárez.

The Mexican Peso coins have a rich history that spans over two centuries. The first Mexican Peso coins were minted in 1821, after Mexico gained independence from Spain.

These early coins were made of silver and featured the image of the country's first president, Guadalupe Victoria. The coins were a symbol of Mexico's newfound freedom and sovereignty.

One of the most interesting facts about Mexican Peso coins is that they have undergone several design changes over the years. In 1866, the Mexican government introduced the gold peso, which was a significant departure from the silver coins that had been used previously.

The gold peso was minted until 1914, when the government decided to switch back to silver coins. This decision was likely due to the fact that silver was more abundant and easier to work with than gold.

Explore further: How Do I Buy Gold Coins

History of Coins

The Mexican War of Independence lasted from 1810 to 1821, a time when numerous mints created coins for both supporters and opponents of the Spanish monarch.

Credit: youtube.com, 1988 Mexico 1000 Pesos Coin • Values, Information, Mintage, History, and More

The Empire of Agustin de Iturbide came to power and was solely responsible for minting and issuing coins, which included ½, ¼, and 1/8 copper, 4 and 8 escudos struck in gold, and 1,2 and 8 reales in silver.

These early coins featured the Emperor’s portrait, date, and the wording August(inus) Dei Prov(identia) on the obverse.

A History of Coins

During the Mexican War of Independence, numerous mints created coins for both supporters and opponents of the Spanish monarch.

The opponents minted coins in Puebla, Oaxaca, and Nueva Galicia, while supporters issued coins as far as Guanajuato, Oaxaca, Guadalajara, Chihuahua, and other colonies.

The Empire of Agustin de Iturbide was solely responsible for minting and issuing coins after it came to power.

These early coins included ½, ¼, and 1/8 copper, 4 and 8 escudos struck in gold, 1,2 and 8 reales in silver.

The United Mexican States started issuing coins in 1824 after signing the constitution following independence from the Spanish.

Credit: youtube.com, The History of Coins & Currency (Pt 1)

The new government established various mints nationwide to strike gold, silver, and copper coins, including 1⁄2, 1, 2, 4, and 8 reales in silver and 1⁄2, 1, 2, 4, and 8 escudos in gold.

The Federal government at the Mexico City mint and state governments around the country issued copper coins for 1⁄16, 1⁄8, and 1⁄4 reales.

The obverse of the new coin of the republic featured the eagle with the phrase Republica Mexican.

Only 8 reales were minted until 1897, after production had halted and then ceased completely by 1870.

Additional reading: Mexican Gold Coins 20 Pesos

Revolutionary Period 1914

During the Revolutionary era, a rare silver peso was struck in 1914. This coin was a surprise to the numismatic world because it was thought not to exist.

The 1914 silver peso features a Liberty cap on the obverse side. This is a symbol of freedom and independence.

The reverse side of the coin displays a law book and scales, representing justice. This design highlights the importance of fairness and equality during the Revolutionary period.

This silver peso was graded MS62, indicating its superior luster and clean design. The eye-catching toning adds to its unique appearance.

In 2008, the 1914 silver peso was sold at auction for a remarkable $35,650. This price demonstrates the coin's value and rarity.

Here's an interesting read: Silver Krugerrand Coin

1538 8

Credit: youtube.com, A Short History Of The Spanish Dollar: How It Impacted The World | Digging History ‘76

The 1538 8 Reales is a rare and valuable Mexican coin. It's one of the earliest coins minted in the Americas, with only three known existing examples.

Minted in Mexico City two years after the Mint was established, this coin features the mint mark M twice on the reverse. Francisco del Rincon was the Mint's first engraver, and his signature appears on the coin.

This coin has several errors, including die breaks and a double re-punching error. A close look at the legends reveals these errors, which is understandable given the coin's age.

The 1538 Mexico Reales is hands-down the most valuable Mexican coin, having sold for a record-breaking $528,000 at a 2016 auction.

1732 8

The 1732 8 Reales is a highly sought-after coin among collectors. It was the first time the Pillar was struck, marking a significant milestone in Mexican numismatic history.

The coin features a portrait of a Herculean crowned pillar and a set of globes with a crown in the background etched atop ocean waves. The motto Ultraque Unum, meaning Both are One, appears around the coin’s edges.

Credit: youtube.com, CoinWeek: Pillar Coinage of 1732 to be Offered in Upcoming Heritage Sale. VIDEO: 4:55

On the reverse, you'll spot Castile and Leon’s coat of arms with an embossed Bourbon shield. Number 8, initial F and the phrase Philip V.D.G. Hispan. Etd. Ind. Rex also appear on the reverse.

The 8 Reales became legal tender in various Spanish colonies across the Americas and the United States for much of the 18th century.

1714 Royal 8-Escudo

The 1714 Royal 8-Escudo is a stunning gold coin that was first struck in 1714. It's considered a special coin that required the monarch's approval.

This coin is rated an impressive MS65, which is considered gem quality. It's a rare find for any coin collector.

The obverse of the coin features a royal coat of arms, which was a symbol of the monarch's power and authority at the time.

Currently Circulating Coins

The Mexican peso coins you can use today are the result of a long history of currency design and production.

The most widely circulated coin is the 1 peso coin, which is made of a copper-zinc alloy and has a diameter of 24 mm.

Credit: youtube.com, SUPER VALUABLE MEXICAN PESO COINS WORTH BIG MONEY - WORLD COINS TO LOOK FOR IN YOUR COIN COLLECTION

It's a great size for everyday transactions.

The 2 peso coin is slightly larger, with a diameter of 26.5 mm, and is also made of a copper-zinc alloy.

You might notice it's a bit heavier than the 1 peso coin.

The 5 peso coin is made of a nickel-copper alloy and has a diameter of 23.5 mm.

It's a bit smaller than the 2 peso coin, but still easy to handle.

The 10 peso coin is the largest of the circulating coins, with a diameter of 28 mm, and is made of a copper-nickel alloy.

It's a good idea to keep a few of these on hand for larger purchases.

Features and Value

The Mexican peso coin has some interesting features that make it worth knowing about.

The Mexican peso coin was issued by Mexico and features the United Mexican States/Mexican Republic on it, with a period spanning from 1823 to the present date.

Its type is standard circulation coins, and it has been in circulation since 1996, making it a relatively modern coin.

Credit: youtube.com, 1987 Mexico 100 Pesos Coin • Values, Information, Mintage, History, and More

The value of the Mexican peso coin is 1 Peso, and it's equivalent to USD 0.049.

The coin is made of a bimetallic material, consisting of an aluminium bronze centre in a stainless steel ring, which gives it a unique composition.

The coin weighs 3.95 grams and has a diameter of 21 mm.

Here's a quick summary of the coin's dimensions:

The coin is round in shape and features a milled technique, which gives it a smooth and even finish.

Rare Coins

If you're looking to sell your Mexican peso coins, you're likely interested in the rare ones that can fetch a pretty penny. The most valuable Mexican coins worth money are often sought after by collectors.

Some of these rare coins include the 1882 Mexican Peso, which is highly prized among collectors.

The 1882 Mexican Peso is just one example of the many rare and valuable coins out there.

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Royal 1650

The Royal 1650 is a rare and highly sought-after coin. It's considered the rarest of all the reales.

Delicious Mexican Food
Credit: pexels.com, Delicious Mexican Food

Only one known example exists, and it was auctioned in 2008 for a whopping $92,000. The buyer must have been thrilled to own a piece of history.

It's not the brightest or most lustrous coin, but its rarity and historical significance make it truly special. Most of the coin's details are visible but flattened with a lot of wear around the high points.

The 1650 8 Reales is the finest struck that year and is known to exist, which is why collectors show a lot of interest in this coin.

Valuable Coins Worth Money

If you're looking to sell your coins, get a free appraisal first to determine their value. The most valuable Mexican coins worth money include those from the 19th century, such as the 1881 Mexican Silver Dollar.

Some of these coins can sell for thousands of dollars, making them a valuable addition to any collection. The 1881 Mexican Silver Dollar, for example, can sell for up to $2,000 in good condition.

Related reading: Sell Pi Coin

Credit: youtube.com, 10 Rare Coins you might have

Investing in rare coins can be a smart financial move, but it's essential to do your research first. Free appraisals can help you determine the authenticity and value of your coins.

A free appraisal can also give you an idea of the market demand for your coins, helping you make an informed decision about whether to sell.

A fresh viewpoint: Free Coins

1733 8

The 1733 8 Reales is a pillar coinage that's a bit of a standout. It features a mint mark MX, which signifies that it was struck in Mexico City.

This coin is notable because in 1973, the Mint only placed the letters MX on silver coins, making it a rare find. It's an excellent addition to any coin collection.

The 1733 8 Reales was sold for $40,250 in 2008, making it a valuable addition to any collection.

1811 Zitacuaro 8

The 1811 Zitacuaro 8 Reales is one of the rarest Mexican coins in existence.

Credit: youtube.com, Mexico 8 Reales

Only three known examples of this coin exist, and they were all found in a shipwreck.

These examples have been auctioned off, with one selling for $373,750 at a Heritage auction.

The remaining two examples are highly valuable, with one estimated to sell for $200,000 to $250,000.

This coin is historically significant because it was struck during the War of Independence.

The existing examples are all of a lower grade, with no luster or frost and a flattened design on the obverse and reverse.

A collector owns one example, while the other is still on sale.

This coin is among the most valuable Mexican coins, with one example selling for $63,250 at a 2008 auction.

1915 Two

The 1915 Two is a rare Revolution coin from Mexico, featuring an eagle on the obverse and a sun with a volcano on the reverse.

This coin is extremely rare, especially with its plain edges, which is a distinctive feature that draws attention from collectors.

Credit: youtube.com, 1915 Mexico & Two piso ,coin value and price rare.

A known example of the 1915 Two with plain edges is in the possession of the Banco de Mexico, but this specimen is considered superior due to its higher grade.

The specimen was graded AU55, with slight wear at the high points, but its rarity and condition made it highly valuable.

It sold for $48,300 in 2008, a significant price for a rare coin.

1823 Pattern Eight PF64

The 1823 Pattern Eight PF64 is a highly sought-after coin among collectors. This proof coin is one of only two examples, with this one considered superior.

The obverse features a notably larger Liberty cap with the sun's rays suspended on the horizon. The eagle's head is at a slightly raised angle on the reverse.

This coin was graded PF64. It sold for a substantial $120,750.

Frequently Asked Questions

Are Mexican peso coins worth anything?

Mexican peso coins are valuable due to their rarity, historical significance, and unique designs, making them highly sought after by collectors. Their worth is often driven by factors like limited mintage and exceptional craftsmanship.

Felicia Koss

Junior Writer

Felicia Koss is a rising star in the world of finance writing, with a keen eye for detail and a knack for breaking down complex topics into accessible, engaging pieces. Her articles have covered a range of topics, from retirement account loans to other financial matters that affect everyday people. With a focus on clarity and concision, Felicia's writing has helped readers make informed decisions about their financial futures.

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