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The Second Mexican Empire under the rule of Emperor Maximilian I issued the first circulated Mexican 1 peso coin from 1866 to 1867. An eagle, likely the coat of arms of the United Mexican States, is featured on the obverse, while a Phrygian cap, a symbol of liberty often depicted on Mexican coins of the period, is displayed on the reverse. The coin, which is today considered extremely rare, is composed of silver. At the time, the word "peso" was often used as a colloquial expression for the 8 real, or piece of eight, coins of Mexico and Spain. The Mexican Mint was commissioned by the original United Mexican States to strike 1 peso pattern coins in 1842. 1.17 Circulation coins of the second peso (1992-present).
MEXICO COINAGE SERIES
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Phrygian cap, value, year, wreath (1918–1945).Phrygian cap, scales, law, sword, value, year (1869–1873).Coat of arms of Imperial Mexico, value, year (1866–1867).Stainless steel and aluminum-bronze (1992–present).
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