Cárdenas Peso
Mexico
1935–1945
Reference data compiled from public catalogs
Estimated Melt Value
$30.53
Based on Silver spot price ($79.17/oz) · 72.0% purity · 16.66g
Updated 6:41 PM
Collector premium not included
Specifications
| Country | Mexico |
| Years Minted | 1935–1945 |
| Composition | 72% silver, 28% copper |
| Weight | 16.66 g |
| Diameter | 35 mm |
| Shape | Round |
| Edge | Reeded |
Design
Obverse
The obverse features the Mexican coat of arms, depicting an eagle perched on a cactus devouring a snake.
Reverse
The reverse shows the denomination '1 Peso', the date, and the inscription 'Estados Unidos Mexicanos'.
History & Notable Facts
The Cárdenas Peso, struck from 1935 to 1945, featured silver sourced from Mexico's own mines, a nod to the country's push for economic independence during Cárdenas's reforms.
That silver content—typically around 0.720 fine—meant these coins held intrinsic value amid global depression. Designs varied slightly by year, with the obverse showing the national coat of arms and the reverse depicting a stylized eagle. Mintage figures for some years remain unclear, lost in bureaucratic shifts of the era.
One oddity: the 1945 issue was the last of its kind before Mexico devalued the peso. As for myths about hidden treasures, I've handled enough to know they're just that—myths.
Some collectors quip that these coins, like Cárdenas himself, were revolutionary but often overlooked in their time.
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