Mexican Silver Peso Coins: Value, History, and Rarity

Mexican Silver Peso Coins have been a staple in the world of numismatics for centuries. The first silver peso coins were minted in the 16th century.

These coins were initially minted from 99% pure silver and were a standard unit of currency in Mexico. They were widely accepted as payment for goods and services.

The value of Mexican Silver Peso Coins can vary greatly depending on their rarity and condition. Some coins are extremely rare, making them highly valuable.

Rarity is a key factor in determining the value of these coins, with some dates and mint marks being much harder to find than others.

Take a look at this: What Is a Minted Coin

The Mexican Silver Peso Coin is a stunning piece of history, featuring a radiant liberty cap on the obverse and the Mexican national emblem on the reverse.

The coin's design is a testament to Mexico's rich heritage, with the liberty cap symbolizing freedom and the eagle perched on a cactus devouring a snake representing the country's national emblem.

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These coins were produced at the Mexico City Mint, denoted by the "Mo" mark, and have a silver content of 0.3856 oz, with a weight of 16.666 grams and a diameter of 34 mm.

The melt value of these coins can be calculated by multiplying the current silver price by 0.3856, but their numismatic value can be significantly higher, especially for coins in excellent, uncirculated condition.

Some coins, particularly those in better condition or from rarer mint years, can carry additional value, with coins in Good condition selling slightly above the melt value and coins in Uncirculated (Mint State) condition worth significantly more.

Here are the specifications of the 1 Peso Silver Coin:

The value of a 1 Peso Silver Coin can range from $11.56 (melt value) to over $100 for excellent, uncirculated condition.

The design of a 1 Peso Silver Coin features a radiant liberty cap with rays symbolizing freedom on the obverse, and the Mexican national emblem of an eagle perched on a cactus, devouring a snake on the reverse.

A fresh viewpoint: American Eagle Silver 1 Oz

A 1 Peso Silver Coin has a silver content of 0.3856 oz and weighs 16.666 grams.

Some coins, particularly those in better condition or from rarer mint years, can carry additional numismatic value.

Coins in Good condition typically sell slightly above the melt value, while coins in Uncirculated (Mint State) condition can be worth significantly more, sometimes ranging from $20 to over $100, depending on rarity and demand.

Here's a comparison of the specifications of the 1 Peso Silver Coin and the 5 Pesos Silver Coin:

The value of a 5 Pesos Silver Coin is typically valued between $30 and $200 depending on condition, with higher premiums for mint-state coins.

The 5 Pesos Silver Coin has an actual silver weight (ASW) of 0.8681 troy ounces, which determines its melt value.

Coins in Good condition may hover close to the melt value, while coins in Uncirculated (Mint State) condition can be worth considerably more, potentially ranging from $50 to $100 or more based on market demand.

Consider reading: Are Franklin Mint Coins Worth Anything

Mint Marks can greatly impact the value of your coins. Most silver peso coins were minted in Mexico City, denoted by the "Mo" mint mark.

The "Mo" mint mark is a common indicator of a Mexico City minted coin. However, there are variations in certain years, and finding coins with rare mint marks can add to their value.

If you're looking to collect rare mint marks, be prepared to dig through coins from various years.

Broaden your view: Rare Fifty Cent Coins

The 2 Pesos Silver Coin is a Mexican silver coin that was part of a series produced by Mexico during the early 20th century. These coins were made from .720 fine silver, meaning they contained 72% silver and 28% copper.

The 2 Pesos Silver Coin features the radiant liberty cap design on the obverse and the Mexican coat of arms on the reverse, similar to the 1 Peso coin.

In terms of value, a 2 Pesos Silver Coin can be worth anywhere from $15 to $30, depending on its condition and the current silver spot price. Coins in better condition or uncirculated condition can fetch higher prices.

Here are some specifications of the 2 Pesos Silver Coin:

The Mexico 1918-1945 Un Peso coin is a significant piece of Mexican history and numismatics. It was primarily minted in silver during this period and widely circulated in Mexico.

This coin contains 0.720 fine silver, with a total of 0.3856 troy ounces of silver net.

You can find the current price of silver on websites like kitco.com, then multiply it by 0.3856 to find the base value of your coin.

The catalog values for these coins vary depending on the date and condition. For example, coins dated 1918 and 1919 can be worth up to $250 in well-preserved condition.

Coins dated 1920 and 1921 are worth less, ranging from $15 to $300, depending on the condition.

Coins dated between 1922 and 1927 have a base value that remains the same for average and well-preserved conditions.

A coin collector would consider the condition of the coin, such as wear and any problems like stains and scratches, when determining its value.

A coin dealer would likely pay one-half of the catalog price for coins in good condition, but would not buy a cleaned coin due to its lack of collector appeal.

The Cinco Pesos (5 Pesos) coin is a highly sought-after collectible. It was minted in Mexico in 1947 and 1948.

This coin is particularly valuable due to its high silver content. Some collectors and investors appreciate its historical significance.

The Cinco Pesos coin is a great addition to any collection, especially for those interested in Mexican history.

The Dos (2) Pesos Silver Coin is a Mexican treasure that's worth getting to know. It's a part of a series produced from 1919 to 1948.

These coins were made from .720 fine silver, which is 72% silver and 28% copper. This is often referred to as "Plata Pura", or "pure silver."

The 2 Pesos coin features the radiant liberty cap design on the obverse and the Mexican coat of arms on the reverse, just like its 1 Peso counterpart.

Here are the key specifications of the 2 Pesos coin:

The value of a 2 Pesos Silver Coin can fluctuate based on its condition, current silver prices, and collector interest.

The Diez Silver Coin is a prized piece among collectors and investors due to its silver content and historical significance. It was minted in Mexico between 1955 and 1960.

The coin features a portrait of Miguel Hidalgo, a prominent figure in Mexican history, on the obverse. The national emblem is on the reverse.

The Diez Silver Coin contains 90% silver, also known as .900 fine silver. This means it's a valuable investment for those interested in precious metals.

Here are the specifications of the Diez Silver Coin:

Miguel Hidalgo y Costilla, featured on the coin, is an iconic figure in Mexican history. He initiated the Mexican War of Independence from Spanish rule in 1810 with his famous cry, the "Grito de Dolores."

The melt value of a 10 Peso silver coin is $25.02. This means that if you melt the coin down, you can get this amount of money.

Collecting Mexican silver peso coins can be a rewarding hobby, and understanding their value is key to making informed decisions. The value of these coins depends on their condition, year of minting, and the current silver price.

Coins in better condition or from rarer mint years can carry additional numismatic value. For example, the 1921 Centenary Peso is considered one of the rarer silver coins of the 20th century.

If you're looking to buy or sell Mexican silver peso coins, it's essential to know their melt value. This can be calculated by multiplying the current silver price by the coin's silver content. For instance, the 5 Pesos Silver Coin has an actual silver weight (ASW) of 0.8681 troy ounces, making its melt value $26.02.

Here are some value ranges for Mexican silver peso coins in different conditions:

In addition to their melt value, Mexican silver peso coins can also hold numismatic value due to their historical significance and cultural importance.

If you're looking to add some rare and valuable coins to your collection, you're in luck. The 1921 Centenary Peso is considered one of the rarer silver coins of the 20th century, minted to celebrate Mexico's independence on the 100th anniversary.

This coin is highly sought after by collectors, and its value can range from $20 to over $100, depending on its condition and rarity. Coins in Uncirculated (Mint State) condition can be worth significantly more than their melt value.

The 1980 Mexican Un Peso Silver Coin featuring Hidalgo is another highly valuable coin, although its exact value is not specified in the article.

The 1947-1948 Cinco Pesos coins are also highly valued, especially in uncirculated condition, due to their higher silver content and larger size. These coins can be worth more than their melt value, which is calculated by multiplying the current silver price by 0.3856 troy ounces of silver content.

Related reading: Uncirculated 1943 Steel Penny Value

Past sales of the 1957 and 1958 Mexico World Coins can be a great indicator of their value. The prices they fetch at auction can be a good benchmark for collectors.

A 1957 Mo UNC (NGC MS67) sold for USD 288.00 at Heritage Auctions in February 2024. This is a significant price for such a high-grade coin.

The same coin, a 1957 Mo UNC, sold for USD 104.00 at Heritage Auctions in May 2023. This is a notable difference in price, highlighting the fluctuations in the market.

In contrast, a 1957 Mo XF sold for USD 47.23 at Katz Auction 144 in November 2024. This is a lower price compared to the high-grade UNC coins.

A 1957 Mo XF also sold for USD 5.25 at Katz Auction 138 in September 2024. This is a significantly lower price, suggesting that lower-grade coins may not be worth as much.

Here's a summary of the past sales:

These past sales demonstrate the importance of considering the grade and condition of the coin when determining its value.

Mexican silver pesos hold significant historical importance, representing pivotal periods in Mexico's past.

These coins serve as tangible reminders of the country's journey through colonial rule, liberation, and modern statehood, making them historically and culturally valuable.

The high silver content of these coins, often reaching 90%, makes them a practical investment in precious metals.

Investors and collectors alike find these dual aspects—precious metal content and historical value—particularly attractive.

The aesthetic appeal of Mexican silver pesos is undeniable, featuring national heroes and symbolic imagery that's celebrated for its artistry and meaningful designs.

Collectors admire the combination of intricate craftsmanship and patriotic themes embedded in these coins, making them standout pieces in any numismatic collection.