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  1. #1

    May 2012
    From WA living in Scotland atm
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    All Types Of Treasure Hunting

    1961 Mexican Siver Peso

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    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!

  2. #2
    us
    Dec 2009
    Brookland, AR
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    All I know is that its 10% silver.

  3. #3
    Charter Member

    Oct 2004
    N. San Diego area (Pic of my two best 'finds')
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    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.......

  4. #4
    us
    Dec 2009
    Brookland, AR
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    Quote Originally Posted by Mackaydon View Post
    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.......
    1.6 grams of silver

  5. #5
    Charter Member

    Oct 2004
    N. San Diego area (Pic of my two best 'finds')
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    I stand corrected: Coin is 16 grams; silver content is .0514 oz.
    Coin commemorates 100th anniversary of Mexico's Constitution. Mexico City mint.

  6. #6
    us
    Dec 2009
    Brookland, AR
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    Quote Originally Posted by Mackaydon View Post
    I stand corrected: Coin is 16 grams; silver content is .0514 oz.
    Coin commemorates 100th anniversary of Mexico's Constitution. Mexico City mint.
    I wasn't correcting you to be a "know-it-all". Just didn't want the OP thinking he had a coin with over a half-ounce of silver in it.

  7. #7
    us
    R.I.P. Rich Hartford, You'll be missed.

    Feb 2011
    in front of you in the bank
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    10% silver with about as much silver as a war nickel... don't be fooled, it looks like a valueable silver coin... it really isn't.
    HH
    BuffaloBoy

  8. #8
    us
    Jun 2011
    Wisconsin
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    Coin Roll Hunting
    Quote Originally Posted by Chimacum87 View Post
    ...Is it worth more as the coin itself or melt value...
    Probably just melt value. It might retail above melt, but it was a high mintage compared to other years.
    Attached Thumbnails Attached Thumbnails Click image for larger version. 

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    A Penny Sorted is a Penny Earned

    Salute the LOOT

  9. #9
    us
    Jul 2010
    Garrett Ace 250, Bounty Hunter Quick Draw
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    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.
    Speeding up Gresham's law one roll at a time

  10. #10
    Charter Member

    Oct 2004
    N. San Diego area (Pic of my two best 'finds')
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    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.

  11. #11
    us
    R.I.P. Rich Hartford, You'll be missed.

    Feb 2011
    in front of you in the bank
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    i have a few myself from dealer bins of foreign coins, 8 for $1... then again, silver was like $5 an ounce back then.
    HH
    BuffaloBoy

  12. #12
    us
    Jan 2012
    Maryland
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    Quote Originally Posted by Mackaydon View Post
    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.

    Quote Originally Posted by Edmund Burke
    The only thing necessary for the triumph of evil is for good men to do nothing.

 

 

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