December 12, 2019

On December 11th, 2019, Mr. Johnathan Swyers, Founder & CEO of Monument Metals, sent out his periodic news/bulletin for customers and subscribers. And what an exciting message that was.

For all those – like me – who are passionate about collecting current and historic standard circulation coins from the world, specially in Silver and Gold, this could not be better: they have made available 5 wonderful Mexican silver coins, and oh boy they are those chunky large coins I am sure anyone of us dream of having in our collections.

Please noticed that I have copied the original message from Mr. Swyers below since I could never describe this treasure in better words than his own. Please anyone with copyright or similar concerns contact me immediately to address the issue.

Also, I took the liberty to use detailed data from numista.com database so that all those interested can have all details like total weight, diameter, silver content, etc.

Besides what was informed by Mr. Swyers in his message, I have not added or commented anything about cost or pricing. I have however included the actual link for the original message, for the original listing and for each original coins in each respective section. Please note all the images used in this post are from Monument Metals site, with the exception of the Numista logo which I retrieved from their Twitter feed.

The original message from Mr. Swyers is quoted and annotated below after this paragraph. The full original message can be found on Monument Metals website following Monument Metals Mexican Silver coins.

Dear Precious Metals Investor,

For over a millennium, precious metals have been closely linked to Mexico’s culture and economy. In fact, research indicates that the pre-Columbian people of Mexico worked with gold and silver as early as 600 AD! These two metals were associated with solar and lunar deities; as such both took on a sacred meaning.

Precious metals figured prominently in 16th and 17th century Mexico (then known as New Spain). Spaniards were attracted to the region thanks to its rich deposits of gold and silver. Mining became a massive profit center for the Spanish Empire, and Mexico City became one of North America’s first global trade hubs. Over 750,000 immigrants arrived in Mexico to participate in this burgeoning economy.

By the 18th century, Mexico had cemented its role as one of the world’s leading producers of silver. Its silver coinage was also becoming one of the world’s most commonly encountered units of exchange. The Mexican 8 Reales (also known as the Spanish Dollar or Piece of Eight) saw extensive use throughout the world. It’s been hailed as the first global currency due to its acceptance on multiple continents. In fact, the coin was legal tender in the United States until 1857!

Following Mexico’s independence from Spain, the country’s silver output (and general economic health) deteriorated tremendously. Mines were left in disarray and trade routes were disrupted. It would take 75 to 100 years for conditions to improve; but eventually, Mexico regained its status as a major producer of precious metals.

The country implemented a new currency in the late 18th century: the Peso. While this unit has been revalued a few times over the past 150+ years, the Peso remains the official unit of exchange in Mexico. In addition to domestic use, Peso-denominated coins began trading internationally like the 8 Reales of old. In fact, silver Pesos continued to enjoy tremendous popularity well into the 20th century.

Today, we’re excited to offer two of Mexico’s most famous silver coins of the 20th century: the 1947-1948 Cinco (5) Peso Cuauhtemoc and the 1977-1979 Cien (100) Peso. Both contain an impressive amount of bullion and were among the very last circulation issues to contain actual silver. In addition, they have become quite scarce and difficult to find on the open market.

The 5 Peso Cuauhtemoc might have a familiar design; its obverse motif appears on the wildly popular Aztec line of rounds and bars. This coin was the original inspiration! Each piece contains .8681 oz of pure silver, making it comparable in size to an American Silver Dollar. Due to its scarcity, we’ve seen dealers quote $15-$25 per coin over melt. However, you can add them to your collection today for just $9.99 over melt!

The 100 Peso coin of 1977-1979 was one of the last silver coins issued by Mexico before the Libertad debuted in 1982. Each piece contains 0.643 oz of pure silver, but the coins are similar in size (diameter: 39 mm) to a 1 oz coin. The obverse features a portrait of military leader José María Morelos while the Mexican coat of arms is shown on the reverse. These 100 Peso coins are in high grade but are priced at a low premium; we’re offering AU/BU specimens for just melt + $3.49 for any quantity!

Looking for even more great vintage Mexican silver coins? Check these out!

1920-1945 Mexico 1 Peso Cap & Rays Avg Circ: One of the most iconic designs in Mexican coinage – for just $4.99 per coin over melt! Each piece contains 0.4179 oz pure silver. Each coin has a pure silver weight of 0.3856 oz.

1955-1957 Mexico 5 Peso Hidalgo Avg Circ: Features the portrait of revolutionary war hero Miguel Hidalgo y Costilla. Your cost just melt + $4.99! Each piece contains 0.4179 oz pure silver.

1959 Mexico 5 Peso Carranza Avg Circ: This rare one-year type is exceptionally hard to find, but we have a small quantity available at $4.99 over melt! Each piece contains 0.4179 oz pure silver.

Best Regards,

Jonathan Swyers

Founder & CEO | Monument Metals

Direct email: jonathan.swyers@monumentmetals.com

Vintage Silver Pesos

Cap and Rays (Average Circulation)

Type Standard circulation coin Years 1920-1945 Value 1 Peso (1 MXP) Currency Peso (1905-1992) Composition Silver (.720) Weight 16.6 g Diameter 34 mm Thickness 2.4 mm

Hidalgo (Average Circulation)

Type Standard circulation coin Years 1920-1945 Value 1 Peso (1 MXP) Currency Peso (1905-1992) Composition Silver (.720) Weight 16.6 g Diameter 34 mm Thickness 2.4 mm

Cuauhtemoc (Average Circulation)

Type Standard circulation coin Years 1947-1948 Value 5 Pesos (5 MXP) Currency Peso (1905-1992) Composition Silver (.900) Weight 30 g Diameter 40 mm Thickness 4 mm

(Average Circulation)

Type Standard circulation coin Years 1977-1979 Value 100 Pesos (100 MXP) Currency Peso (1905-1992) Composition Silver (.720) Weight 27.77 g Diameter 39 mm

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