November Featured Pricing: Mexico Silver Pesos

Greysheet continues to significantly expand the number and variety of items that have regularly-updated pricing data. In United States coinage, this has includes thousands of varieties, but we also now cover worldwide paper money (under our Banknote Book brand) and we are growing our cataloging and pricing footprint for world coins as well. Print space limitations in the Monthly Greysheet preclude us from printing most of the pricing data we cover, however they are always available in our online pricing tool and app. For those dealers that are members, they are also available on CDN Exchange. The fact that some of this niche pricing does not get printed every month means almost by default it is overlooked and/or unnoticed by a percentage of our customers. We welcome feedback at pricing@greysheet.com.

This month’s featured pricing consists of silver Mexican Peso coinage from 1910 through 1950. These years cover four major design types and five overall types. From 1910 to 1914 the silver Peso was the famous “Caballito” design. This coin was designed by French engraver Charles Pillet and was conceived to commemorate 100 years of Mexico’s indenpencence. There was a gap until 1918, when the silver Peso coin took on the Cap and Ray design. The first two years of this design was struck in .800 fine silver, and in 1920 Mexico lowered the silver content to .720 fine. The Cap & Ray Peso was in circulation until 1945. In 1947 the design changed to featuring a bust of Jose Maria Morelos and the silver content was again lowered, this time to .500 fine silver. This design was struck for three years, although the 1949 coins were not supposed to be released due to the increase of the price of silver. Despite most of the mintage being melted, some did escape, creating a well-known 20th century rarity. In 1950 the design changed again to the “General Morelos” bust and the silver content was just .300 fine silver with the balance copper and nickel. This 1950 peso is a one-year type coin. High grade example of virtually every date have appreciated significantly in price, as numismatists gain a greater understanding of condition rarity.