1846 1 Peso obverseObverse

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

CountryMexico
Years Minted1846
Composition90.3% silver
Weight27.07 g
Diameter39 mm
ShapeRound
EdgeReeded

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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