Mexican Coins Overview
Here you can find out everything you need to know about Mexican coins in circulation, Mexican gold coins, Mexican silver coins and more.
Note: the name of the Mexican currency is Peso; the code is MXN; the subunit is centavo; the symbol for the Peso is $ or Mex$ and the symbol for the centavo is.
The first coin in Mexico was one centavo pieces minted in 1863.
Between 1864 and 1867 the Emperor Maximilian who was the ruler of the Second Mexican Empire minted the first coins with the legend peso on them.
After the fall of the Maximilian the New Mexican republic introduced (in addition to copper one centavo coins) the Mexican silver coins of 5, 10, 25 and 50 centavos, and one silver peso coins. All of the Mexican silver coins were .903 fineness.
In 1905 the first major monetary reform in Mexico was carried out in which the gold content of the pesos was reduced by 49.4% and the silver coins were reduced to token issues (with the exception of the one peso coin).
In 1910 one of the most beautiful Mexican silver coins was issued the Caballito coin. This .093 silver coin is considered to be a true silver peace of the Mexican culture and heritage.During the period between 1917 and 1993 there were many changes in the Mexican society which reflected on the coin changes as well.
In 1993 the Bank of Mexico launched the Nuevo Peso ($1 New Peso was equal to $1000 of the old ones). Coins of the new Mexican currency were issued in denominations of 5, 10, 20 and 50 centavos and 1, 2, 5, 10, 20 and 50 Nuevos pesos.
In 2003 the new series of bimetallic coins was introduced by the Mexican bank the $100 coins. Even though these coins are impressive they are not commonly used due to their high cost.
Interesting fact about the present Mexican coins is that the 20 and 50 peso coins are the only currently circulating coinage in the world to contain any silver.
Commonly used coins in circulation nowadays are: $50, $1, $2, $5, $10; the rarely used coins are: $5, $10, $20, $50, $100.
Mexican Gold Coins
Gold is the inseparable part of the Mexican culture, history and heritage.
The people of the Mayan and Aztec empires built powerful ancient cities and amazing temples that were decorated with gold. There was so much gold in ancient pre-Columbian Mesoamerica (present Mexico) that the Spanish conquistadors though they have found the El Dorado.
With the birth of the Mexican nation the first Mexican gold coins were issued and ever since then the gold coins are present in Mexican culture.
One of many examples of how deeply the gold coins are incorporated into the Mexican culture is the Mexican wedding tradition called 13 Gold Coins.
During the wedding ceremony the groom gives to his bride the 13 gold coins that represent everything material that he has. With this gesture he is showing her how much he trusts her. By accepting the 13 gold coins the bride promises to take good care of her husband and his wealth.
Nowadays there is a big demand for the Mexican gold coins. In fact the Mexican gold coins are one of the most popular in the world.
Mexican Silver Coins
Mexican silver coins are also part of the Mexican culture and heritage because the silver coins have been around in Mexico for very long time, and some of the most beautiful and definitively the largest Mexican coins are made of silver.