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Mexico Peso  1870 to 1873
Mexico Peso 1870 to 1873

The Republic of Mexico issued these big, bold silver coins starting in 1870. It was a transition period for Mexico, and the old reales and escudos denominations were fading out. You might remember reales and escudos from the 'gold dubloons and pieces of 8' era of early American history, when Mexican coinage circulated freely in the United States.

The word LEY on your coin means 'law.' The silver is 0.9027 pure in this coin. In fact, these old pesos contain 0.786 troy ounces of silver, so that gives them intrinsic value right off the bat. Look up the current price of silver (in US dollars per troy ounce) at web sites such as kitco.com. The price of silver changes every day.

A good way to get approximate catalog value for these coins is to add a 'collector premium' to the base silver value. Suppose, for instance, the price of silver is $20 US dollars per ounce (be sure to look it up). The base silver value of this peso is then 0.786 x 20 = $16. To this value, add the collector premium:

worn: add $8
average circulated (like our picture): add $30
well preserved: add $120
fully uncirculated: add $300

These are approximate catalog values which must be properly interpreted, as outlined on our Terminology page.

There are some *better date* coins which exceed these catalog values by quite a bit. Specifically, look for:

1869OaE catalog value $400 in average circulated condition
1870GaC catalog value $800 in average circulated condition
1870PiS catalog value $400 in average circulated condition
1872CHP catalog value $800 in average circulated condition

Coin: 5278 , Genre: Colonizers and Colonies
Requested by: jmjkks, Sat, 21-Aug-2010 22:35:52 GMT
Answered by: Paul, Wed, 25-Jun-2014 01:58:34 GMT
Reviewed by CoinQuest. Appraisal ok., Mon, 13-Jun-2016 02:00:56 GMT
Requester description: 1870 scroll with sword sunburst and liberdad non peso Mo C, scratched out number then 902.7 large bird republica Mexicana scale
Tags: mexico peso mex mexicana mexicanos mexio mexicano mexican scroll sword sunburst sun liberdad liberty non number 7 bird republica republic scale scrollwork scrolwork scolled scrolls scrolled sworeds swordlike swords broadsword saber sunrise sola sol sunshine sunset sunlight sols liberate liberte libertas libertad libertao liberta libertate libertatis numbers numbering numbered repub repbulique republik republ republican republicas republicia reipvblicae republiove republiek repvbliqve republique repvbblica republika rebublique repvblica republicans repvblique scales snake ley hat cap headdress justice eagle hawk falcon serpent star starburst helmeted hood caps headband hooded helmet bonnet helmit helmets iustitia justicia eaglets egals egal eagles eagel asps snakes asp starrs stars burst

  

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Thu, 23-Mar-2017 08:10:57 GMT, unknown: 15342512