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Mexican Silver Pesos
Mexican coinage has been used extensively throughout the history of North America. Chief among these was the Mexican Silver Peso. Boasting high silver content and quality designs, the Silver Peso is now a very collectible coin that is perfect for assembling a set. At MCM we offer certification from the two major 3rd party coin grading companies: the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS).
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History of the Silver Peso
"Peso" was first the name of the very well-known 8 Reales Silver coin minted in Mexico. They were actually issued under the power of Spain, who at this time controlled Mexico. Dubbed Pieces of Eight, or Spanish Dollars, these impressive milled dollars were well-trusted and circulated from the Americas to Asia! These were accepted in the United States as legal tender until the Coinage Act of 1857.
When the Mexican War of Independence ended and Mexico became its own country, the same monetary system was used for a time. Slight changes began to occur, however, and in 1863 the Silver coin was struck as "One Peso.: From 1918 onward however, all denominations of Silver Pesos began to be debased. This finally ended in 1977 when the last 100 Pesos silver coins were struck.
