What is Estados Unidos Mexicanos Coin?
Are you a coin collector or history enthusiast who wants to know more about the Mexican coin with the long name, Estados Unidos Mexicanos? This coin is an important part of Mexican history, and its design and features have evolved over the years.
History of the Estados Unidos Mexicanos Coin
The history of the Estados Unidos Mexicanos coin dates back to 1823, when Mexico gained independence from Spain. The first coins were minted in 1825, and they were modeled after the Spanish colonial coins. The coins featured a portrait of Agustin de Iturbide, the first emperor of Mexico, on the obverse side, and the coat of arms of Mexico on the reverse side.
Over the years, the design of the coin changed several times. In 1905, the coat of arms on the reverse side was replaced with an eagle sitting on a cactus, holding a snake in its beak. This design is still used on the coin today.
In 1947, the name of the country was changed from “United Mexican States” to “Estados Unidos Mexicanos,” and the coin’s name was changed to reflect this. The name “Estados Unidos Mexicanos” is now inscribed on the obverse side of the coin, along with the current president’s name.
In 1992, the government introduced a new series of coins, including the 1, 2, 5, 10, 20, and 50 centavos, as well as the 1, 5, 10, and 20 pesos. The new coins featured more modern designs and were made of different metals, including aluminum, bronze, and bi-metal.
In recent years, the Mexican government has also issued commemorative coins to celebrate important events and people in Mexican history. These coins are highly sought after by collectors and can be worth a significant amount of money.
Design and Features of the Coin
The Estados Unidos Mexicanos coin features the coat of arms of Mexico on the reverse side. The coat of arms consists of an eagle sitting on a cactus, holding a snake in its beak. The eagle represents the Mexican people, the cactus represents the land, and the snake represents the Spaniards who conquered Mexico.
The obverse side of the coin features a portrait of an important figure in Mexican history, such as Miguel Hidalgo, Benito Juarez, or Emiliano Zapata. The name of the current president and the name of the country, “Estados Unidos Mexicanos,” are also inscribed on this side of the coin.
Stay tuned for the next two sections, where we will discuss the denominations and value of the Estados Unidos Mexicanos coin, as well as collecting and authenticity.
Denominations and Value of the Coin
The Estados Unidos Mexicanos coin comes in several different denominations, including the 5, 10, 20, and 50 centavos, as well as the 1, 2, 5, 10, and 20 pesos. The value of the coin varies depending on the denomination and the year it was minted.
The value of the coin is also affected by its condition. Coins in excellent condition, with no signs of wear or damage, are worth more than coins that are in poor condition. The value of the coin is also affected by its rarity. Coins that were minted in limited quantities or have unique features are worth more than common coins.
The value of the coin is measured in Mexican pesos, with the exchange rate fluctuating daily. As of August 2021, one US dollar is equivalent to approximately 20 Mexican pesos.
The significance of the coin’s value goes beyond its monetary worth. The coin is an important symbol of Mexican history and culture, and it is highly valued by collectors all over the world.
Collecting Estados Unidos Mexicanos Coins
Collecting Estados Unidos Mexicanos coins can be a rewarding hobby for those interested in Mexican history and culture. Reasons for collecting the coins include their historical significance, their unique designs, and their rarity.
Certain coins are more valuable than others, and their value can increase over time. For example, the 1921 1 peso coin, known as the “Caballito,” is highly sought after by collectors and can be worth thousands of dollars. Other rare coins include the 1943 20 centavos coin, which was made of zinc due to a shortage of copper during World War II.
If you are interested in starting a collection of Estados Unidos Mexicanos coins, there are a few tips to keep in mind. First, educate yourself about the different denominations and designs of the coin, as well as their value. Second, purchase coins from reputable dealers or auction houses to ensure their authenticity. Finally, store your coins in a safe place, such as a coin album or safe deposit box, to protect them from damage or theft.
Counterfeits and Authenticity
Counterfeit coins can be a problem for collectors of the Estados Unidos Mexicanos coin. To identify a counterfeit coin, you should look for discrepancies in the design or features of the coin. Some counterfeit coins may have incorrect dates, misspellings, or different metals than the authentic coins.
It is important to ensure the authenticity of your coins when collecting them. Authenticity can affect the value and rarity of your coins. You can verify the authenticity of your coins by consulting with a professional coin dealer or using online resources such as the Mexican Mint or the Numismatic Guaranty Corporation.
Conclusion
In conclusion, the Estados Unidos Mexicanos coin is an important part of Mexican history and a popular collectible among coin enthusiasts. The coin’s design and features have evolved over time, but it remains a valuable and sought-after piece. Collectors can find the coin in various denominations, and the value of the coin depends on factors such as rarity, condition, and authenticity.
When collecting the coin, it is important to ensure authenticity and be aware of potential counterfeits. By consulting with professionals and using online resources, collectors can verify the authenticity of their coins and ensure that they are adding valuable pieces to their collections.
Overall, the Estados Unidos Mexicanos coin is a fascinating piece of Mexican history and a valuable collectible for those interested in coins and Mexican culture. Rich News hopes that this article has provided you with a better understanding of this unique coin and its significance.
