On 2nd April, 1792, America introduced the U.S dollar based on the Peso, with the exchange rate- 1 Dollar for 1 Peso. Up until 1857, the Peso was officially accepted as common currency in the U.S and in Canada. Until the 1970 great inflation event the Mexican Peso was quite a stable currency with admirable records and value.
These days, the Mexican Silver Peso coins are actually made of pure Silver. They are made from mixtures of various metals with Silver. But the coins still carry great traditional and historic values as well as a huge money value.
Mintage details of the Mexican Silver Peso in past years (1869- 1979)
Production Period
Estimated Production Volume
1869 – 1913
50,000
1920-1945
125,000
1947-1948
268,000
1950
400,000
1947-1948
630,000
1950-1954
700,000
1955-1959
1’065,000
1955-1960
1’070,000
1968-1972
1’000,000
1977-1979
900,000
Rare items with exceptional value, Safe investment ensuring large profit scale
Among a few safe investment sectors, Silver coin business is one of them. The Mexican Silver Peso coins are rare to find first hand. But they can be bought in small quantities as well as in big batches anytime you want. The Mexican Silver Peso coins are recognizable worldwide for its beautiful and unique design and for their historical significance.
The older the coin typically, the higher the value it carries. It is easy to find old mintage versions, but they can be expensive. If you’re buying them just for the fine silver content, it is a great investment. But sometimes sentimental values sometimes add a bigger price tag.
Investing in Silver bullion coins is a common and safe bet these days. The Silver pot price rates are worldwide accepted terms and can be dealt with anywhere.
Determining the price of the Mexican Silver Peso coins
Calculating the current market price of the Mexican Silver Peso coins is easy and simple. Price depends on the Silver coins weight. Multiplier is the number of coins required to gather 1 ounce of Silver. Multiply the current Silver spot pricing rates with the Multiplier and you will receive the amount of money you are dealing with.
By the late 1960’s the price of silver was soaring making it not profitable to coin circulating silver coinage. Mints all over the world began withdrawing silver coinage and replacing it with copper-nickel versions. Yet continuing into the 1970’s Mexico was continuing to produce circulation silver coinage.
In 1977, Mexico introduced its first ever 100 Pesos coin, a crown sized coin struck in silver of .720 fineness and .6429 ounces of silver at the legendary Mexico City Mint. But by the late 1970’s the price of silver had risen to such a cost that it became no longer practical for the Mexico City Mint to continue production and the series was replaced after 1979 with a smaller base-metal coin. It was one of the world’s last circulating coins struck in silver.
Design
The obverse design features the Mexican coat of arms, an eagle clutching a snake while it perches on a prickly pear cactus. On the outer periphery is the phrase “ESTADOS UNIDOS MEXICANOS” or as translated to english United Mexican States.
The reverse design features a bust portrait of José María Morelos. To the left of the bust is the denomination “CIEN” (100) “PESOS” and to the right is the year of issue and mint mark Mo. Below the bust design are the words “PLATA PURA” (Pure Silver) and “20 Gr. LEY .720”.
The coin edge is lettered with the phrase “INDEPENDENCIA Y LIBERTAD” (Independence and Liberty).
José María Morelos
José María Morelos was one of Mexico’s most noted and legendary heroes of the revolutionary war with Spain. Originally a catholic priest, Morelos was recruited into the rebellion by leader Miguel Hidalgo and his strategic prowess quickly gave him the rank of colonel.
He became leader of the rebellion after Hidalgo's death in 1811. He won 22 victories, secured most of the Pacific coast line from the Spanish and helped in forming the National Constituent Congress of Chilpancingo. In November of 1815 he was defeated in Tezmalaca was taken prisoner and brought to Mexico City where he was tried and executed by firing squad on December 22, 1815 for treason.
In his honor, the state of Morelos and city of Morelia are named after him. Besides the 100 Pesos coin Morelos' legacy has also been portrayed on the 50 peso note and 1 peso coins from 1947 to 1987.
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