1961 Mexican Siver Peso

[Chimacum87]

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!

 

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[ArkieBassMan]

All I know is that its 10% silver.

 

[Mackaydon]

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.......

 

[ArkieBassMan]

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

 

[Mackaydon]

I stand corrected: Coin is 16 grams; silver content is .0514 oz.
Coin commemorates 100th anniversary of Mexico's Constitution. Mexico City mint.

 

[ArkieBassMan]

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.

 

[BuffaloBoy]

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.

 

[madwest]

...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.

 

[Generic_Lad]

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.

 

[Mackaydon]

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.

 

[BuffaloBoy]

i have a few myself from dealer bins of foreign coins, 8 for $1... then again, silver was like $5 an ounce back then.

 

[sagittarius98]

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.

 

[Nene Hape]

I have a few different coins one of them says the "Republic of Kenya"1990 it has two lions with what appears to be a crest in the middle of the lions it's gold in color and I says five cents at the bottom it has a picture of a president on the front it's dated 1990

 

[Nene Hape]

Republica De Mocambique 1994
1000 Meticals

 

[Nene Hape]

also I have a coin looks to be copper and its bigger than an American quarterut says one penny on the front its yr.says 1896 on the back it says VICTORIA DEI GRA BRITT REGINA FID DEF IND IMP and has a woman's head on it.

 

[Nene Hape]

My spelling is horrible that is suppose to be an American quarter

 

[coinsareawesome]

Kenya 1990 5 Cents= $.25 (EF Condition)
Mozambique 1994 1000 Meticais= $5 (Unc. Condition)
Canada 1896 1 Cent= VG-$3, F-$5, VF-$6.50