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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

CountryMexico
Years Minted1935–1945
Composition72% silver, 28% copper
Weight16.66 g
Diameter35 mm
ShapeRound
EdgeReeded

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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