During the centuries that Mexico was a colony of Spain, the silver real was the country’s currency. It took 16 reales to equal one gold escudo, and 8 reales to equal a single peso, which was Mexico’s dollar. Forty years after Mexico gained its independence from Spain, a decimal monetary system arrived—when it did in 1863, 100 centavos became the new base value of the peso.

Of the coins from the early days of the Republica Mexicana, escudos and reales minted in the 1820s are in particularly high demand. Each featured a variation of an eagle with a snake in its beak on the obverse (a reference to the legend of Mexico City’s founding), with a liberty cap on the reverse.

In 1905, the gold content of the peso was reduced by almost 50 percent. The artistry of the coin did not suffer, however, especially in 1910, when a silver peso was struck featuring yet another variation of that Mexico City eagle on the obverse, with a woman riding a horse in front of a radiating sun on the other side.

Other Mexican coins of note include round lead centavos issued by the state of Durango in 1914 and rectangular copper Oaxacan centavos from 1915.

Best of the Web (“Hall of Fame”)

Ancient Coins: In Praise of the Celators!

Ancient Coins: In Praise of the Celators!

Dr. Tom Buggey’s Ancient Coins: In Praise of the Celators! focuses mainly on coins from Greek and Roman antiquity… [read review or visit site]

Worldwide Bi-Metallic Collectors Club

Worldwide Bi-Metallic Collectors Club

Bi-metallic coins have been around since the 17th century, when a copper wedge was added to the English farthing to… [read review or visit site]

Clubs & Associations

Other Great Reference Sites

Most watched eBay auctions    

1798 8 Reales Coin From MexicoMexican 20 Pesos Gold Coin - Year 1918 Beautiful Coin No Reserve!1734 Mexico Silver 8 Reales Pillar Coin Mo - Mf1752 Peru Colonial Silver 8 Reales Pillar Coin1855 1/8 Real Mexico Chihuahua Copper Coin1743 Silver 8 Reales Mexico Pillar Dollar Treasure Ship Coin Reyhrtsdahl Cps358Mexico 8 Reales, 1771 AnacsMexican 8 Reales 1774 - Colonial Silver Crown - Carolus Iii - Chop Marks1949 Mexico .925 Silver Onza Brilliant Uncirculated #287Mexico Peso, 1912, Caballito2004 Mexico Quarter Ounce Gold LibertadMexico 8 Reales 1836 Am . Chihuahua Mint.1945 Mexico 2 1/2 Pesos Choice+ B.u Gold Coin! Dos Y Medio Pesos 1986 Mexico 1oz .999 Silver Proof Libertad W/coa Boxes ScarceMexico-oaxaca 1814 8 Reales 'sud' Vf-xfMexico 8 Reales 1811 1812 Fernand Vii Silver Coin Mexico 8 Reales, 1771 Anacs1823 Mexico 8 Reales Silver Foreign Coin Free S/hMexico Peso, 1912, Caballito Ngc Mexico 1911 1 Peso Caballito Silver XfDrbobcoins 1793 8 Real Portrait Nice Au W/luster. Great Coin, Mexico City Mint10 Spanish Colonial 1 & 2 Silver Reales (authentic) Hi-res Pictures No RsrvMexico 1949mo 1 Onza Silver Crown UncMexico 2 Pesos 1915 , GuerreroMexico Year 2000 1oz Net Silver .925 Fine Libertad #44621 W/coa & CaseUnc Original 1945 Two Pesos Mexican Gold CoinMexico 1910 1 Peso Caballito Silver Crown Xf-au1746 Mexico 4r Colonial 1887 Mexico 8 Reales Silver Foreign Coin Free S/hComplete Roll 20 Coins 1978 Mexico 100 Pesos .720 Silver Coins Bu Km483.2 #1661945 Mexican Gold Dos Pesos Coin, Gold 2 Pesos, 0.0482oz Pure Gold ** Free S/h1833/2-ga Mexico 8 Reales Silver Foreign Coin Free S/h1783-mo, Ff 8 Reale El Cazado Shipwreck Coin Mexico Anacs Vf 25 Great DetailMexico 8 Reales 1791 Fm - Silver - Charles Iv. #540Mexico Empire Of Maximilian 1866-mo 1 Peso Silver Coin Pcgs Xf401949 Mexico Onza Silver CoinMexico 1985 250 Peso Gold Proof Coin Subject “1986 World Cup Soccer Games”Lot Of 23 1978 Mexico 100 Pesos .720 Silver Coins Mostly Au-bu #38Lot Of 17 Mexico 1968 25 Pesos .720 Silver Bu Coins Km479.1 #2201821-zs Rg Ngc Ms62 Mexico 8 Reales Zacatecas Hispan War Issue1793 Mexico 8 Reales, Shipwreck Silver, #73141955 Mexico 5 Pesos Choice+ B.u Gold Coin! Cinco Pesos Spanish Colonial Mexico 1795 Mo F.m. 8 Reales Chopmarked Silver Coin1947 Mexico Silver 5 Pesos Choice UncirculatedMexico 1890zsfz 8 Reales Silver Crown Xf-auMexico 2012 5,10,15 Pesos Chichen Itza Total 10 Oz Silver Proof Coin Set Rare!!!2009 Mexico 1/4 Oz Gold Libertad Ngc Pf70 Ultra Cameo Low Population Gem75 Old Coins Of Mexico & Latin & South America (mind-boggling Odd Lot) No RsrvMexico Peso, 1912, Caballito1999 Mexico One Ounce Silver Libertad - UncMexico 1999-mo 1 Onza Silver Pcgs Ms69 ~ Libertad Key Date! Top Pop None HigherMexico 1/4 Real, 1813-mo, Xf1986 Mexico 1oz Libertad Silver Coin Gem Proof W/case & Coa 1921 Mexico Silver 2 Peso1992 5 Oz Silver $10,000 Piedra De Tizoc Mexican Inca CoinMexico 1 Peso 1913 - Silver - Caballito - Vf/xf #542Mexico 1883gobr 8 Reales Silver Crown Unc1753 M Half Reales Silver Coin 1784 El Cazador Shipwreck Rare Date 1/2rMexico 5 Centavos, 1865-g, Vf1945 Mexico 2-1/2 Peso Gold Coin