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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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1928 MEXICAN 50 PESO GOLD CENTENARIO PCGS MS62
Feb 25, 9:00 AM MST
1928 MEXICAN 50 PESO GOLD CENTENARIO PCGS MS62
by Bradford's
Est: $0- $0
$2,15013 Bids
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1783 MO FF MEXICO SILVER 8 REALES NGC GENUINE EL CAZADOR SHIPWRECK
Feb 25, 9:00 AM MST
1783 MO FF MEXICO SILVER 8 REALES NGC GENUINE EL CAZADOR SHIPWRECK
by Bradford's
Est: $0- $0
$14012 Bids
Hoard of Mexico .720 Fine Silver Pesos (KM-455, .3857 oz ASW per coin).
Mar 09, 11:00 AM EST
Hoard of Mexico .720 Fine Silver Pesos (KM-455, .3857 oz ASW per coin).
by Mitchell Auctions
Est: $0- $0
$1908 Bids
Mexico Silver Pesos (1918-1967)
Mar 09, 11:00 AM EST
Mexico Silver Pesos (1918-1967)
by Mitchell Auctions
Est: $0- $0
$1608 Bids
A RARE Mexico 1949 Silver Peso (KM-456, .2251 oz ASW).
Mar 09, 11:00 AM EST
A RARE Mexico 1949 Silver Peso (KM-456, .2251 oz ASW).
by Mitchell Auctions
Est: $0- $0
$4605 Bids
1945 Dos Pesos Mexico Gold Coin MS-63
Mar 18, 6:00 PM EDT
1945 Dos Pesos Mexico Gold Coin MS-63
by One Source Auctions
Est: $0- $0
$1305 Bids
FIFTY PESOS MEXICAN GOLD COIN
Feb 27, 6:00 PM PST
FIFTY PESOS MEXICAN GOLD COIN
by O'Gallerie
Est: $1,700- $2,000
$1,9005 Bids
FIFTY PESOS MEXICAN GOLD COIN
Feb 27, 6:00 PM PST
FIFTY PESOS MEXICAN GOLD COIN
by O'Gallerie
Est: $1,700- $2,000
$2,0005 Bids
Mexico Cap and Rays 8 Reales Foursome
Mar 09, 11:00 AM EST
Mexico Cap and Rays 8 Reales Foursome
by Mitchell Auctions
Est: $0- $0
$654 Bids
Key Date 1954 Silver "Hidalgo" 5 Pesos (KM-467, .6431 oz ASW).
Mar 09, 11:00 AM EST
Key Date 1954 Silver "Hidalgo" 5 Pesos (KM-467, .6431 oz ASW).
by Mitchell Auctions
Est: $0- $0
$1304 Bids
FIFTY PESOS MEXICAN GOLD COIN
Feb 26, 6:00 PM PST
FIFTY PESOS MEXICAN GOLD COIN
by O'Gallerie
Est: $1,700- $2,000
$2,0004 Bids
A Dealer Inventory Offering of 1957-1967 Silver Mexico Pesos
Mar 09, 11:00 AM EST
A Dealer Inventory Offering of 1957-1967 Silver Mexico Pesos
by Mitchell Auctions
Est: $0- $0
$604 Bids
Mexico Silver Onza Quintet
Mar 09, 11:00 AM EST
Mexico Silver Onza Quintet
by Mitchell Auctions
Est: $0- $0
$1204 Bids
2021-Mo Mexico 1 oz Libertad Gold Coin PCGS MS70 First Strike
Feb 25, 7:00 AM PST
2021-Mo Mexico 1 oz Libertad Gold Coin PCGS MS70 First Strike
by BK Auctions
Est: $2,850- $3,150
$304 Bids
Septet of Mexico Portrait Silver Coinage (1774-1800)
Mar 09, 11:00 AM EST
Septet of Mexico Portrait Silver Coinage (1774-1800)
by Mitchell Auctions
Est: $0- $0
$263 Bids
Two (2 pcs) 1865 Mexico Miniature 8K Maximiliano Gold Coins
Mar 02, 7:00 PM EST
Two (2 pcs) 1865 Mexico Miniature 8K Maximiliano Gold Coins
by Big Dog Auctions
Est: $0- $0
$23 Bids
Mexico 1913 "Caballito" Silver Peso (KM-459, .7859 oz ASW)
Mar 09, 11:00 AM EST
Mexico 1913 "Caballito" Silver Peso (KM-459, .7859 oz ASW)
by Mitchell Auctions
Est: $0- $0
$143 Bids
Mexico 1921 Silver 2 Pesos (KM-462, .7716 oz ASW)
Mar 09, 11:00 AM EST
Mexico 1921 Silver 2 Pesos (KM-462, .7716 oz ASW)
by Mitchell Auctions
Est: $0- $0
$223 Bids
Mid Twentieth Century Crown-Sized Mexican Silver Coinage
Mar 09, 11:00 AM EST
Mid Twentieth Century Crown-Sized Mexican Silver Coinage
by Mitchell Auctions
Est: $0- $0
$603 Bids
FIFTY PESOS MEXICAN GOLD COIN
Feb 27, 6:00 PM PST
FIFTY PESOS MEXICAN GOLD COIN
by O'Gallerie
Est: $1,700- $2,000
$1,9003 Bids
Mexico 1911 "Caballito" Silver Peso (KM-453, .7859 oz ASW).
Mar 09, 11:00 AM EST
Mexico 1911 "Caballito" Silver Peso (KM-453, .7859 oz ASW).
by Mitchell Auctions
Est: $0- $0
$182 Bids
Mexico 1957 Silver Peso and 5 Peso (KM-458 and KM-470)
Mar 09, 11:00 AM EST
Mexico 1957 Silver Peso and 5 Peso (KM-458 and KM-470)
by Mitchell Auctions
Est: $0- $0
$122 Bids
Twentieth Century Silver Coins From Mexico, St. Thomas & Prince Island, Spain and Surinam.
Mar 09, 11:00 AM EST
Twentieth Century Silver Coins From Mexico, St. Thomas & Prince Island, Spain and Surinam.
by Mitchell Auctions
Est: $0- $0
$452 Bids
1962-Mo Mexico 1 Peso, 10% Silver
Feb 27, 5:00 PM EST
1962-Mo Mexico 1 Peso, 10% Silver
by Richard L. Edwards Auctioneer
Est: $1- $5,000
$22 Bids

Sellers Who Sell Mexican Coins


BK Auctions

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Key Date Coins

Key Date Coins