Image: Wikimedia Commons · Louis-Oscar Roty · CC0
1846 1 Peso
Mexico
1846
Reference data compiled from public catalogs
Estimated Melt Value
$63.26
Based on Silver spot price ($80.50/oz) · 90.3% purity · 27.07g
Updated 4:21 AM
Collector premium not included
Specifications
| Country | Mexico |
| Years Minted | 1846 |
| Composition | 90.3% silver |
| Weight | 27.07 g |
| Diameter | 39 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Features the Mexican coat of arms with an eagle perched on a cactus devouring a snake.
Reverse
Displays the denomination '1 Peso' along with the year and mint details.
History & Notable Facts
The 1846 Mexican 1 Peso was struck amid the chaos of the US-Mexico War, using silver that likely came from recycled sources like older coins or bullion hoards.
That makes it a practical artifact of wartime necessity, not some romantic emblem. The coin's design features the standard Mexican eagle perched on a cactus, devouring a serpent, a motif adopted after independence and continued with minor variations. We don't know the exact mintage, as records from the Mexico City mint were often incomplete or destroyed in subsequent conflicts.
Some specimens show signs of heavy circulation, reflecting how they served as currency in a fractured economy. As for myths, no, it wasn't specially commemorative—just a regular issue caught in history's crossfire. Put one in your hand, and you'll feel the weight of that oversight.
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