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The modern coins contain 99.9% silver or gold (.999 fineness) and are available in various sizes. Both metal coins have undergone a design change. Both metal coins have undergone a design change. In 1989, 3,500 1 ⁄ 4 ounce Libertad platinum coins were produced.
Under United States law, coins that do not meet the legal tender requirement cannot be marketed as "coins". Instead, they must be advertised as rounds. [3] Bullion coins are typically available in various weights, usually multiples or fractions of 1 troy ounce, but some bullion coins are produced in very limited quantities in kilograms or heavier.
The copper 1-centavo coin was continued; silver (.9027 fine) coins of 5, 10, 20, 25 and 50 centavos and 1 peso commenced in 1867; and gold coins of 1, 2 + 1 ⁄ 2, 5, 10 and 20 pesos commenced in 1870. The obverses featured the Mexican 'eagle' and the legend "Republica Mexicana".
It continued to be minted to Spanish standards throughout the 19th century, with the peso at 27.07 grams (0.955 oz) of 0.9028 fine silver, and the escudo at 3.383 grams (0.1193 oz) of 0.875 fine gold. The Mexican peso or 8-real coin continued to be a popular international trading coin throughout the 19th century. [citation needed]
There were silver 1 ⁄ 2, 1, 2, 4 and 8 reales, and gold 1 ⁄ 2, 1, 2, 4 and 8 escudos, with silver 1 ⁄ 4 reales added in 1842. Copper coins for 1 ⁄ 16, 1 ⁄ 8 and 1 ⁄ 4 real were issued both by the Federal government at the Mexico City mint and by the state governments at various mints around the country.
This doubloon of 8 escudos eventually became the most common Spanish gold coin, equivalent to 16 silver pesos. The 1566 reform also provided for a silver 8-real coin, the real de a ocho or peso duro (which had already been minted in Spain in limited number). This coin, 39–40 mm, 27·468 g, containing 25·561 g pure silver, was now struck in ...