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Mexican Coins

Mexican coins originally consisted primarily of Spanish-issued colonial eight reales, or Spanish dollars. Aficionados of pirates in popular culture may know these coins as the famous pieces of eight. Mexico eventually adopted both the real and the decimal-based peso, minting coins in both denominations concurrently until 1897, when the government discontinued the real.

One of the distinguishing features of Mexican coins is the intricately detailed coat of arms featured on the obverse. Originally appearing in 1910 and then sporadically in the years following the official coat of arms of Mexico features an eagle perched on a cactus with a snake in its beak. The current issue of coins, which began in 1992, restored the heraldic coat of arms to the obverse of Mexican coins. Other obverse designs throughout Mexican history have included the last emperor of the Aztecs, a liberty cap design, and several famous Mexican leaders.

The Mexican bank has recently begun issuing bimetallic commemorative 100- peso coins featuring the coats of arms of each Mexico's component states on the reverse and the national coat of arms on the obverse. There are 32 different coins in this series representing each of Mexico's 31 states and federal district. Unlike the state quarter run in the United States, these coins have been unpopular with Mexican collectors due to their high face value.


Quick Facts

  • Pesos were recognized as legal tender anywhere in the United States until 1857. Some border regions still accept pesos as currency today
  • One of three surviving 1538 Mexican eight reales sold at auction for $587,500 in 2014. The three coins were recovered from a Spanish shipwreck known as the Golden Fleece
  • The bimetallic $100 state series also has a bullion variant where the aluminum- bronze outer ring is replaced with gold

Recommended Items at Auction

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BULLION. 1945 50 Pesos Mexican Gold Coin.
Nov 07, 10:00 AM EDT
BULLION. 1945 50 Pesos Mexican Gold Coin.
by Clarke Auction Gallery
Est: $2,000- $3,000
$1,5004 Bids
1945 gold two peso coin, 1.1dwt.
Oct 28, 9:00 AM EDT
1945 gold two peso coin, 1.1dwt.
by Pook & Pook, Inc.
Est: $40- $60
$201 Bid
Vintage Mexico Modernist Sterling Silver Earrings
Oct 26, 6:00 PM EDT
Vintage Mexico Modernist Sterling Silver Earrings
by Mebane Antique Auction
Est: $10- $1,000
$51 Bid
1958-Mo Mexican 1 Peso
Nov 01, 5:00 PM EDT
1958-Mo Mexican 1 Peso
by Richard L. Edwards Auctioneer
Est: $1- $5,000
$11 Bid
1964-Mo Mexican 1 Peso
Nov 01, 5:00 PM EDT
1964-Mo Mexican 1 Peso
by Richard L. Edwards Auctioneer
Est: $1- $5,000
$11 Bid
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A William Spratling Silver Necklace Marks: WS SPRATLING, MADE IN MEXICO, SPRATLI
Nov 16, 10:00 AM CST
A William Spratling Silver Necklace Marks: WS SPRATLING, MADE IN MEXICO, SPRATLI
by Heritage Auctions
Est: $1,200- $1,800
$6001 Bid
Mexican 50 Pesos Pendant
Nov 04, 11:00 AM EDT
Mexican 50 Pesos Pendant
by Fortuna Auction
Est: $3,000- $4,000
$1,9001 Bid
Two Mexico Spanish Colony 8 Reales Coins
Oct 27, 1:00 PM CDT
Two Mexico Spanish Colony 8 Reales Coins
by Neal Auction Company
Est: $300- $500
$1501 Bid
1929 Mexico 50 Pesos Gold Coin PCGS MS65
Oct 27, 8:00 AM PDT
1929 Mexico 50 Pesos Gold Coin PCGS MS65
by BK Auctions
Est: $4,000- $4,500
$11 Bid
1872 Mexico Un Peso Silver Coin
Oct 27, 8:00 AM PDT
1872 Mexico Un Peso Silver Coin
by BK Auctions
Est: $170- $200
$11 Bid
1841GoPJ Mexico 8 Escudos Gold Coin
Oct 27, 8:00 AM PDT
1841GoPJ Mexico 8 Escudos Gold Coin
by BK Auctions
Est: $2,000- $2,200
$11 Bid
1921 Mexico 2 Pesos Silver Coin
Oct 27, 8:00 AM PDT
1921 Mexico 2 Pesos Silver Coin
by BK Auctions
Est: $300- $350
$11 Bid
1842 ZsOM Mexico 4 Reales Silver Coin
Oct 27, 8:00 AM PDT
1842 ZsOM Mexico 4 Reales Silver Coin
by BK Auctions
Est: $60- $70
$11 Bid
1947 Mexico 50 Pesos Gold Coin NGC MS69 Restrike
Oct 27, 8:00 AM PDT
1947 Mexico 50 Pesos Gold Coin NGC MS69 Restrike
by BK Auctions
Est: $3,500- $4,000
$11 Bid
2018-Mo Mexico Proof 1/4 oz Silver Libertad Coin PCGS PR69DCAM
Oct 26, 8:00 AM PDT
2018-Mo Mexico Proof 1/4 oz Silver Libertad Coin PCGS PR69DCAM
by BK Auctions
Est: $95- $110
$11 Bid
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Luciano Bustamante, Mexico Polished Brass Unicorn
Nov 07, 12:00 PM EDT
Luciano Bustamante, Mexico Polished Brass Unicorn
by Neely Auction
Est: $200- $400
$1000 Bids
19 Silver Braceletssome mounted with stones, some with matching earringsSouthwest, US or Mexico
Oct 30, 10:00 AM EDT
19 Silver Braceletssome mounted with stones, some with matching earringsSouthwest, US or Mexico
by Nadeau's Auction Gallery
Est: $400- $700
$2000 Bids
LOT OF 1900 MODERN CURRENT MEXICAN PESOS
Oct 28, 9:00 AM EDT
LOT OF 1900 MODERN CURRENT MEXICAN PESOS
by Affiliated Auctions & Realty LLC
Est: $60- $120
$200 Bids
1980 Mexican Silver-100 Pesos
Oct 27, 6:00 PM EDT
1980 Mexican Silver-100 Pesos
by Weatherham Estate Treasures
Est: $180- $220
$800 Bids
Gold pendant with 50 mexican pesos coin
Oct 28, 5:00 PM CEST
Gold pendant with 50 mexican pesos coin
by Duran Arte Y Subastas
Est: €0- €0
€9000 Bids
LOT OF 2 MEXICO COINS:
Oct 26, 11:00 AM EDT
LOT OF 2 MEXICO COINS:
by Silver City Auctions
Est: $125- $150
$100 Bids
Mexico turquoise sterling bracelet vintage
Nov 17, 6:00 PM EST
Mexico turquoise sterling bracelet vintage
by Captain Ahab's Antiques
Est: $60- $120
$500 Bids
10 Mexican pesos, year 1959
Oct 27, 4:00 PM CEST
10 Mexican pesos, year 1959
by Sala de Ventas
Est: €0- €0
€4000 Bids

Sellers Who Sell Mexican Coins


BK Auctions

BK Auctions

Carroll's Auctioneers & Appraisers

Carroll's Auctioneers & Appraisers

Matthew Bullock Auctioneers

Matthew Bullock Auctioneers