Collecting Mexican Coins: A Guide to History and Value

Mexican coins have a rich history that goes back to the time of the Aztecs and beyond. Collecting these coins can be exciting and rewarding. In this article, we’ll explore different types of Mexican coins, their historical significance, and how much they are worth today. Whether you’re a beginner or a seasoned collector, this guide will help you understand the world of Mexican coins.

Value Guide of Collectible Mexican Coins

The value of Mexican coins varies greatly based on their age, rarity, and condition. For collectors, some coins can be worth hundreds or even thousands of dollars. Knowing the historical significance of each coin can help you understand its value.

Coins Issued by the Viceroyalty of New Spain

In the early days of Spanish colonization (around 1521), coins were rare. People used items like cocoa and jade for trade. In 1535, Mexico City established its first mint. The first Mexican coins were made in April 1536 and featured Queen Joanna I and her son Carlos. These coins marked the beginning of Mexico’s currency.

One famous coin from this time is the Rincon 8 Reales, minted in 1538. This coin was once thought to be just a legend until three were found in a shipwreck in 1990.

Coins from the Mexican War of Independence

During the reign of Charles IV and Ferdinand VII (1788-1808), Mexico faced decline, prompting the fight for independence. The insurgents created coins reflecting their movement. These early coins were often stamped and could be redeemed for value later.

Coins from the Empire of Iturbide

Agustin de Iturbide, a key figure in the independence movement, became Mexico’s first emperor. He introduced coins featuring his portrait. However, this empire was short-lived as political turmoil led to his downfall.

The First Coins Issued by the Republic of Mexico

After Iturbide’s rule, a republic was established in 1824. The first coins of this new republic were minted, marking a significant change in Mexico’s currency system.

Coins from the Second Empire: The Empire of Maximilian

Maximilian of Hapsburg became emperor in 1863. He introduced decimalized coins, which included designs of himself. These coins were more elegant than previous issues.

Coins from the Mexican Revolution and the Restored Second Republic

After the revolution, President Benito Juárez introduced new coins that featured national symbols like the eagle and the sun. The coin designs reflected Mexico’s identity as a republic.

Mexican Coins from the Estados Unidos

In the late 1800s, laws were established to regulate coin production in Mexico. In 1910, commemorative coins were minted to celebrate the centennial of Mexico’s independence.

New Mexico Currency Coins

Since the end of the Mexican Revolution in 1917, Mexican coins have featured a variety of designs. Despite these changes, the eagle and “Estados Unidos” remain key symbols on the currency.

Table of Mexican Coins

Coin NameYear MintedSignificance
Rincon 8 Reales1538Early colonial coin found in shipwreck
Insurgent Coins1810-1821Represented rebellion against Spanish rule
Iturbide Coins1821First emperor’s currency
Maximilian Pesos1863First decimal coins, elegant designs
Juárez Coins1867Symbolic of restored republic

Conclusion

Collecting Mexican coins is not just about the monetary value; it’s also about the rich history behind each piece. From the early days of trade with cocoa and jade to the modern coins we see today, each coin tells a story. Whether you’re starting your collection or looking to expand it, understanding the historical context and value of these coins is essential. Happy collecting!

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FAQs

What is the value of old Mexican coins?

The value can range from a few dollars to thousands, depending on rarity and condition.

Where can I buy Mexican coins?

You can find coins at coin shops, online marketplaces, and coin shows.

How do I determine the authenticity of a coin?

Use a magnifying glass to check for mint marks and compare with trusted references.

What are the most sought-after Mexican coins?

Coins from the colonial period, especially the Rincon 8 Reales, are highly valued.

How can I care for my coin collection?

Store coins in a cool, dry place and avoid touching them with bare hands.

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