ObverseImage: Wikimedia Commons · Windrain · CC0
1 Peso Silver Republic
Mexico
1863–1898
Reference data compiled from public catalogs
Estimated Melt Value
$62.22
Based on Silver spot price ($79.17/oz) · 90.3% purity · 27.07g
Updated 6:41 PM
Collector premium not included
Specifications
| Country | Mexico |
| Years Minted | 1863–1898 |
| Composition | 0.903 silver |
| Weight | 27.07 g |
| Diameter | 37 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
Features a portrait of Maximilian on early issues from the Second Empire, with later Republican issues showing the Mexican coat of arms.
Reverse
Displays the denomination, year, and mint mark, often with decorative elements.
History & Notable Facts
The 1 Peso silver coin from Mexico's Second Empire and early republic period occasionally featured the profile of Emperor Maximilian, a Habsburg archduke plopped onto a throne in 1864 by French bayonets.
This made it a curious blend of European pretension and local metallurgy, struck at mints like Mexico City with silver from domestic mines. The coins maintained a fineness of about 0.903, ensuring they circulated widely in trade. Designs shifted after Maximilian's execution in 1867, adopting republican motifs like the eagle perched on a cactus.
Mintage figures for many years remain murky, lost to revolutions and record-keeping lapses. Assayers' initials on the edge sometimes reveal the coin's origin, a detail that keeps handlers like me squinting.
One might note that Maximilian's coinage outlasted his empire, which is more than can be said for most imported monarchs.
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