What kind of Mexican coin is this?
shinywhite
Posts: 346 ✭✭✭
0
shinywhite
Posts: 346 ✭✭✭
shinywhite
Posts: 346 ✭✭✭
Comments
I'm asking about metal content? I was told these have 10% silver??
The series prior to this one had 10% silver. This is just base metal. Check Krause Catalog or World Coin Prices on NGC site.
No, this is copper nickel.
https://www.silveragecoins.com/en/details.php?item=7412
For some reason I could not find any info on my phone. Looked up on the CPU and found loads of info....not sure what the deal was with that....smart device my foot
Copper nickel, 1970s. The last silver peso was minted in 1967 if I recall correctly.
The 10% silver pesos will be those dated 1957 through 1967 inclusive. The 1957 comes in two varieties, the lower mintage Constitution centennial and the higher mintage regular issue. These 10% silver pesos have just over 0.05 t oz silver each, less than a 90% silver US dime. Pesos dated 1970 through 1983 are copper-nickel and starting in 1984 they are stainless steel.
Jeff
My parents went to Mexico City, Taxco and Acapulco in 1976 and the coins of 5 pesos and less were common (8.5 then-current pesos to the USD). I went to the horse races on a Saturday in Tijuana in early 1982 (perhaps 35 then-current pesos to the USD) and all the copper nickel and brass coins of 5 pesos or less were gone from circulation - there had already been stiff inflation and it later became much much worse. Even junk base metal coins rose to melt values well over their face values. Those 1984-87 stainless steel one peso coins were practically valueless/unusable as money when issued, but they made them anyway.