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The restored Mexican republic under Benito Juárez and Porfirio Díaz continued the minting of centavo coins in base metal or silver, as well as gold coins in pesos, but it had to revert the silver 1-peso coin to the old eight reales "cap-and-ray design" from 1873 to 1897 after East Asian merchants rejected or discounted the newly designed peso ...
The Spanish dollar, also known as the piece of eight (Spanish: real de a ocho, dólar, peso duro, peso fuerte or peso), is a silver coin of approximately 38 mm (1.5 in) diameter worth eight Spanish reales. It was minted in the Spanish Empire following a monetary reform in 1497 with content 25.563 g (0.8219 ozt) fine silver.
The great silver devaluation of 1873 caused the Mexican dollar to drop in value against the U.S. dollar, but until the beginning of the 20th century the Mexican dollar would still have been a more widely accepted coin in the Far East than the U.S. dollar. Between the 16th and 19th centuries Mexico produced well over three billion of these coins.
Here are some of other high-value Mexican coins based on their sale prices, according to CoinValueLookup: 1732 8 Reales : $130,000 1823 “Pattern” 8 Reales : $120,750
The Libertad coins are silver and gold bullion coins originating from Mexico and minted by the La Casa de Moneda de México (Mexican Mint). The Mexican Mint was established in 1535 and is the oldest mint in the Americas. The modern coins contain 99.9% silver or gold (.999 fineness) and are available in various sizes.
The first ordinance officially devaluing the Spanish non-colonial real came out in 1642, with the real provincial debased from 67 to 83 + 3 ⁄ 4 to a mark of silver (hence, 10 reales to the dollar). Actual coins worth 1 ⁄ 2, 1, 2, 4 and 8 reales provincial (the latter worth 4 ⁄ 5 of a dollar and called peso maria) were minted in 1686 and ...