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The first coins of the peso currency were 1 centavo
pieces minted in 1863by Emperor Maximilian.
The new Mexican republic continued to strike the 8 reales piece, but also began
minting coins denominated in centavos and pesos. Silver coins of 5, 10, 25 and 50 centavos and 1 peso and Gold 1, 2˝, 5, 10 and 20-peso coins were
introduced in 1870 featuring the Mexican 'eagle' One-peso coins were made funtil 8 reales coins resumed production. In 1882, cupro-nickel 1, 2 and
5 centavos coins were issued The 1 peso
was reintroduced with the Phrygian, or liberty cap design.
In the 20th century the gold content of the peso was reduced by 49.36% and the silver coins were
reduced to token issues. Bronze 1 and 2 centavos, nickel 5 centavos, silver 10,
20 and 50 centavos and gold 5 and 10 pesos were introduced.
In 1910 was issued, the famous "Caballito", considered one of
the most beautiful of Mexican coins. inted in silver .Later the gold coinage was expanded to include 2, 2˝ and
20-peso coins.but circulation issues of gold ceased in 1921. In 1918, the peso
coin was debased in line with new silver 10, 20 and 50
centavos.followed by another debasement in 1920 Bronze 10 and 20 centavos coins were introduced in
the twenties, also minted in silver until 1935. In the forties a new issue of silver coins was struck,with No reference made to the silver content except on
the 5 pesos. In the fifties bronze 50 centavos, 5-peso coins and
a new 10-peso coin were isued. New 1-peso coins were issued in .100 silver. and
a special 1 peso was minted to commemorate Benito Juárez
In the nineties a new coinage of brass 1 and 5
centavos, cupro-nickel 10, 20 and 50 centavos, 1, 5 and 10 pesos and silver 25
pesos , silver 100 pesos were issued for circulation.
In the eighties, smaller 5-peso coins were introduced alongside 20 pesos and 50
pesos in cupro-nickel and Base metal 100, 200, 500 ,1000 and 5000-peso coins
were introduced .
In 1993, coins of the new currency were issued in denominations of 5, 10,
20 and 50 centavos, 1, 2, 5, 10, 20 and 50 nuevos pesos in stainless steel and in aluminium
bronze. The nuevo peso were bimetallic, In
1996, the word nuevo(s) was removed and New 10 pesos were introduced
with base metal replacing the silver centre. Leaving the 20 and 50-peso coins as the
only to contain any silver.
In 2003 the Bank of Mexico began the gradual launch of a new series of
bimetallic $100 coins. These number 32 – one for each of the nation's 31 states,
plus the Federal District. with.
Bullion versions of these coins available, with the outer ring made of gold .The
coins commonly encountered in circulation have face values of 20˘, 50˘, $1, $2,
$5, $10, and $20.
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