Got this mexican coin for a few bucks. Anyone know if its worth anything? Im just curious about this coin I am going to keep it In my collection. Is it worth more as the coin itself or melt value. Thanks all!
Bust of Morelos in military coat.
Inscribed on the edge should be INDEPENDENCIA Y LIBERTAD. 34.5 mm diameter; 52.6M minted. 16 grams of silver. (10% overall, as Arkie stated). Series went from 1957 to 1967. Morelos is a historic figure in Mexican history; the coin is a 'keeper' if for that reason alone.
Don.......
Bust of Morelos in military coat.
Inscribed on the edge should be INDEPENDENCIA Y LIBERTAD. 34.5 mm diameter; 52.6M minted. 16 grams of silver. (10% overall, as Arkie stated). Series went from 1957 to 1967. Morelos is a historic figure in Mexican history; the coin is a 'keeper' if for that reason alone.
Don.......
Coin roll hunting, British coins, ancient coins, antiquities
Yep, if you go to estate sales or auctions you'll know that coin well. They advertise it as a silver peso, which it is. And you get a frenzy of people thinking its sterling, 90%, 80% pure silver when its only 10% silver. Mexico has a confusing and rather erratic pattern of coinage in regards to silver. A denomination (such as the 10 peso coin) can go from gold, to coin silver, to copper nickel, to stainless steel, to sterling silver, to copper-nickel.
Generic; good point; the uninformed get duped by the sales pitch into believing that a Mexican silver coin has much more than 10% silver. Mexican silver coins started at .9027 fine, then 'debased' over time to .800>.720>.500>.300>.100 and finally to no silver at all.
Generic; good point; the uninformed get duped by the sales pitch into believing that a Mexican silver coin has much more than 10% silver. Mexican silver coins started at .9027 fine, then 'debased' over time to .800>.720>.500>.300>.100 and finally to no silver at all.
Plus they changed their coinage to having a new peso be worth 1000 old pesos, and reintroducing bimetallic silver and Aluminum-brass coins (silver content just over 40% half). They were no longer minted starting 1996.
1/100 of an American dollar is a cent. It is NOT a penny. The word penny is used by several other countries, such as Great Britain, to denote their smallest denomination. In order to be numismatically correct, you must use the term cent to describe the American coin.
“The only thing necessary for the triumph of evil is for good men to do nothing.”
― Edmund Burke
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Originally Posted by Mackaydon
