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    

1912 M8 Reales Silver Cob (piece Of Eight) From The Concepcion Shipwreck1821-1947 Mexico 50 Pesos Vg Gold Bullion Coin - 37.5 Grams Puro Oro1959 Mexico Veinte (20) Peso 4877oz Gold 15 Gr. Oro Puro Brilliant Uncirculated2010 5 Ounce Proof Silver Estados Unidos Mexicanos Libertad Coin1817-zs Ag Mexico 8 Reales Au Scarce ZacatecasMexico 1950-mo 5 Silver Pesos - Southern Railroad - Outstanding UncirculatedMexico 1758-mo 8 Reales Pillar Dollar Extremely Fine+1945 Mexico Dos Pesos 1/20oz Gold Coin Mexico 1780-moff Silver 8 Reales About Uncirculated+Mexico 1783 8 Reales -el Cazador Shipwreck- About Uncirculated Details2008 Aztec 1 Kilo (32.5 Oz) Silver Aztec Calender No ReserveLibertad 1 1/2 1/4 1/10 1/20 Oz .999 Fine Silver Proof Set Mexico 2013 Only 10001945 Mexico Dos Y Medio (2 1/2) Pesos Gold Coin 14 Kt Gold Bezel Pendant1808-mo Th Ngc Ms62 Mexico 8 Reales Charles Iiii1860 Gopf Mexico Gold Half Escudo Agw .04751948 Mexico Silver 5 Peso Coin, Bu, Cuauhtemoc, Km#465, 0.868 Asw- No ReserveMexico 1948 Cinco 5 Pesos 90% Silver Coin 0.8680 Ozt Asw - UncirculatedAnacs Vg10 Shipwreck 1783-mo Ff Mexico 8r El Cazador Louisiana Silver Coin J2013 1/4oz Libertad Ngc Graded Pf69 Ultra Cameo .999 Proof Gold Coin1733 Mf Silver Mexico City 8 Reales Klippe Square Cut Philip V Cob1796 Fm Silver 8 Reales Of Mexico; Full Detail; Pillar Dollar Design1oz Silver 2012 Chichen Itza, Kukulcan Proof CoinMexico 1904-zsfm Silver Peso Average UncirculatedMexico 5 Pesos 1947 Bu Silver Coin (cyber# 158)Anacs Vg10 Shipwreck 1783-mo Ff Mexico 8r El Cazador Louisiana Silver Coin JL@@k Mexico-guanajuato Coin 1894 G R.s. 8 Reales Crown 1 Oz Pretty1945 Pcgs Ms65 Gold Mexico 2 1/2 Pesos Wow Rare High Grade Coin1905 Mo M Mexico Gold Peso Ngc- Unc.detailsSecond Highest Graded 1814 Mexico 8 Reales Oaxaca Au-50 Bn NgcMexico Ferdin Vii 1809 Mo T.h. Fantasy Bust 8 Reales Silver Coin Xf+ Km#110Mns - Mexico Spanish Colonial 1778-mo Ff 8 Reales Ef Charles IiiMexico Spanish Colonial Ferdin Vii 1818-jp 8 Reales Silver Coin Lima Peru Mint1734 Silver Mexico 8 Reales Salvaged Pillar DollarMexico 1783-moff 8 Reales From El Cazador Shipwreck Extra Fine Details Mexico 1790-mofm 8 Reales - Chopmarks - Extremely Fine Details1812 Mexican 8 Reales Coin - War Of Independence With Spain1984 Mo Mexico Silver Libertad 1 Ounce Onza .999 Fine Silver Gorgeous !1821-1947 Mexico 50 Pesos Gold Bullion Coin - 37.5 Grams Puro Oro #c01Mexico Veinte Pesos Gold Coin 1959 B.u. Under MeltMexican Centenario Coin1807-mo Th Ngc Au58 Mexico 8 Reales1776 Mexico Mint Spanish Colonial 2 Reales.independence Year.nrMexico 1813-gamr 8 Reales - Crude - Very Fine1950 Mexico Silver 5 Pesos Ngc Ms65 Southern Railroad Commemorative Issue Mexico 1901-zsfz Silver Peso Nice UncirculatedMexico 1618-1622 4 Reales From Sao' Jose Shipwreck Ngc Shipwreck Effect Grade 2L@@k Spain-mexico Coin Silver 1796 8 Reales Countermark Chinese PrettyMexico, 1/2 Real. 1798 Fm. Km# 72.1814 Oaxaca Mexico 8 Reales Insurgent Coinage Sud General Morelos Copper Scarce1947 Mexico 50 Pesos Gold Coin Centenario, 18k Gold Frame 49 Grams All In Mexico Ca 1730 Rooswijk Treasure Spanish Colonial 8 Reales Cob W CertificateCarolus Carl Iv Silver 8 Reales Thaler, I.j 1793 Gr 23, Scarce!2011 .999 Fine Silver Mexico 2 Oz Libertad Proof (very Low Mintage Of 1,000!)Mexico 1618-1622 8 Reales From Sao' Jose Shipwreck Ngc Shipwreck Effect Grade 22013 4 Coin Fractional Silver Libertad Bu & Proof Set (rare - Only 800 Minted!)2013 Silver Mexican Libertad Proof Set1945 Mexico Dos Pesos Gold CoinMexico 1909-mogv 1 Peso Ngc Ms63 1811 1 Real Sud Silver General Morelos, Extremely, Scarce & Very Rare Excellent