COINS of Mexico

Here are pictures of Mexican Republican coin types.

Latin America were Spanish Colonies until they rebelled & achieved Independence from ~1810 - 1820's.

click on the pix for a view showing obverse & reverse
Colonial Coins    Mexico pg 2


Mexico, 8 reales, 1822
Empire of Iturbide (1822-23)
uncirculated
(Alex Siegel/Mike Dunigan, Houston, 1997)


‘type 1’ small eagle
(aka infamous 1-footed eagle)

While 8 R's are extremely common of Iturbide they are almost always found circulated. In mint state his crowns are priced similarly to a choice US Barber quarter, though slightly harder to find.

There are 2 views on A. Iturbide.

One view is that Iturbide was acting selflessly to obey the orders of his government and was always loyal to the Spanish crown. He negotiated with, rather than fought, the Mexican revolutionaries and formed the "Army of the Three Guarantees" (Mexico's 3-color flag was developed from this.) He then became Emperor, ruling from 1822-23. He abdicated due to monetary problems and increasing social unrest. After some months in Europe, he felt his country needed him & he returned. Upon his arrival he was arrested by the local Tamaulipas State Congress and shot.

The other explanation (which I prefer) is that he switched sides when he saw there was more to be gained by joining the revolution than fighting it. After becoming Emperor he threw a wild party for 2 years until everyone got so tired of him, he was forced out. He returned in an attempt to overthrow the nacsent Mexican Republic.

Iturbide, Proclaimation 8 Reales
1822 Mo (Mexico City mint), almost uncirculated
(Karl Stephens)



Hookneck 8 Reales
1824 Mo (Mexico City mint), choice uncirculated
(Alex Siegel prev: Mike Dunigan; Houston, TX)

The Hook neck or Profile Eagle was Mexico's 1st Cap & Ray Design. The Eagle is much more majestic but striking weaknesses due to the design lead to it's replacement with the facing Eagle in 1825


wt 26.90 g, dia ~38 mm, .903 silver.
Actually I bet it's only .9027 silver as that's the same standard stamped on to the Balance Scale Peso.

A book was published just on the Hookneck (El Aguila de Perfil) by Clyde Hubbard & David O'Harrow c. 1997.

Hookneck 8 Reales
1824 Do (Durango mint), uncirculated
(Alex Siegel prev: Mike Dunigan; Houston, TX)

Yes it's another Hookneck but of the Durano mint. Somehow the Eagle came out completely differently. Note the big difference in weights and in diameters between this piece and the Mo. I wonder how similar the finesses are; the .903 is just taken from a book.

wt 27.43 g, dia ~36 mm, .903 (.9027?) silver


8 Reales Lib Cap type
Republic, 1854, ms
(Alex Siegel: Houston, TX)

Std. silver type




Mexico, 8 escudos, 1870
gem uncirculated
(Superior Auction, New York, 1999)


Std. gold type



Mexico, 1 Peso, 1866 Mo
Empire  of  Maximillian (1866-67)   
uncirculated (pcgs-63)
(Karl Stephens, 2004)


During the US Civil War, France (under would be expansionist Napoleon III) seized the opportuneity to take over the Mexican Republican government and placed a European ruler as Emperor over there.

Maximillian & his wife (???) were chosen. I've been told that Max really did care for Mexico and tried to set up reforms. Unfortunately for him, when the US Civil War ended, President Johnson told the French to withdraw their armies from Mexico.  When that happened, Max had no support and he was imprisoned and executed.




Balance Scale Peso
Republic, 1872, unc
(Ponterio Auctions, mis-identified as "choice")






"Strong Peso" Lib Cap type
Republic, 1898, ms (PCGS-66)
(Alex Siegel: Houston, TX)






"Cabalito (Horseman) Peso"
Republic 1910, mint state
(purchased from Alex Siegel: Houston, TX, ca. 2000)



In 1910, Francisco Madero Jr. returned to Mexico to oppose the regeime of Porfirio Diaz who had ruled Mexico as "perpetual" President since 1876. Madero caused a revolution in Mexico leading to an open election where he was elected President in 1911. The years of the Mexican Civil War are usually listed thus as 1910 - 1920 although it's hard to call this a revolutionary coin.


Colonial Coins     Mexico pg ii