One can identify different types of Mexican coins by looking on the back of the coin to determine which coin type it is. The back of the coin typically names the value of the coin. Additionally, the size of the coin serves as an indication of the value of the coin.Know More
Like United States currency, the Mexican peso is traded by decimal values. Coins have values such as 0.05 peso, 0.10 peso, 0.20 peso and 0.50 peso. A coin valued at one-hundredth of a peso is a centavo, similar to a U.S. penny. Unlike U.S. coins, there are also coins for full peso amounts. There are 1-peso, 2-peso, 5-peso, 10-peso and 20-peso coins. The 10-peso and 20-peso coins are the only ones that don't have currency values written on the back. Mexico also uses paper currency of various values, but these currencies are not highly traded.
Historic Mexican currency may be more difficult to identify. Over the past two centuries, many different coin values have existed. These include 2.50-peso coins, 1-centavo coins, 25-centavo coins and 2-centavo coins. These coins are made of different materials, including silver, gold, bronze and highly valuable .903 silver. Different materials were used during various time periods, so investigating the time periods in which certain materials were used often makes it possible to determine a coin's age.Learn more in Coins & Currency
To identify a worn coin, use a magnifying glass and a bright light to check the coin for signs of wear. Signs of wear include smooth rims, high points that are worn flat and print on the coin that is difficult to read. You need a magnifying glass with a power of up to 3x, a bright light, gloves and a soft surface to place the coins on.Full Answer >
The back of a 2-pence coin does not feature any fruit. The current design of the coin displays a portion of the Royal Shield showing the Lion Rampant from the Royal Banner of Scotland. Past designs do not depict any fruit on the back or front either.Full Answer >
Coins last for about 25 years before they are too worn down to remain in circulation, according to the U.S. Mint. Unusable coins are recycled, and the metal is reused in new coins.Full Answer >
The Saint-Gaudens double eagle is a gold coin produced by the United States Mint from 1907 to 1933. The original value of the coin was $20.Full Answer >