1966 Mexican 1 Peso Coin
I picked up one of these Mexican 1 Peso coins at an auction recently. I’m sure I paid too much because I didn’t know the history of this coin and was mostly intrigued because it was Mexican silver. For example, I didn’t realize at the time this coin is composed of a low .100 file silver. I was thinking it was higher than that. Good lesson about doing your homework before buying coins.
Nonetheless, it’s still an interesting silver coin that I didn’t have in my stacks. The 1 peso coin was struck by the Mexican Mint from 1957 until 1967. It weighs approximately 16 grams and measures 34.5 millimeters in diameter and 2.3 millimeters in thickness.
The coat of arms of Mexico, surrounded by a wreath, is featured in the center of the obverse. Outside of the wreath is the state title “ESTADOS UNIDOS MEXICANOS”, the coin’s value, and the year of minting.
A right-facing portrait of Generalisimo José María Morelos, a Mexican revolutionary who led the Mexican War of Independence movement from 1811 to 1815, is featured in the middle of the reverse side. The “Mo” mint mark is printed to the left of the image. A wreath is engraved around the coin’s periphery, starting at the bottom and extending upwards to Morelos’ head.
The words “INDEPENDENCIA Y LIBERTAD” are inscribed along the coin’s edge.
During eleven years of production, at least 324,814,000 examples were minted.
