The Banco de México we know today was created on September 1, 1925, but it has its roots in La Casa de Moneda de México, founded in 1535 on a decree from the Spanish Crown.
In 1823, Mexico won its freedom from Spain and continued to mint coins. While it maintained many of Spain’s monetary traditions like denominations, the Mexican mint crafted its own designs to proclaim its new sovereignty. Many of these coins have high numismatic value due to their rarity and historic significance.
By the Mexican Revolution in 1910, the public had come to distrust the monetary system. As the new government established itself, they drafted a new constitution. In 1917, with Article 28, the Mexican constitution ensured only a “government-controlled bank” could be exclusively responsible for currency issuance.
Popular Mint Products
Mexico has minted many significant coins, such as the Libertads and Pesos, as a well-established mint with a long and prominent history.
The Libertads are the most popular coins issued by the Mexican Mint. First introduced in 1982, these unique coins are legal tender in Mexico despite not having a face value. More popular in silver than gold, the Libertads are highly collectible with each annual release.
Mexican Gold Pesos, also called Centenarios for the 50-Peso coins, have been must-haves for investors and collectors worldwide since they were released as bullion coins for the anniversary of Mexico’s independence in 1921. While these are not intended to be used as currency despite their face value, they are highly sought after for their 90% gold content. The Pesos are also available in denominations of 2, 2.5, 5, 10, and 20 Pesos.
The beauty and design of these coins, combined with their precious metal content, make these products from the Mexican mint collector favorites. The mint also produces commemorative rounds to honor various people and events throughout Mexican history.
Elegant Simplicity
Banco de México is the oldest mint in North America. However, it produces a surprisingly small number of different series. Rather than having a vast assortment, it focuses on the elegance of each design and ensures all coins truly represent its heritage. All coins from Banco de México display the Mexican coat of arms, while many feature different coats of arms used throughout history. This unique focus on the past makes Banco de México’s products treasured around the world.
The Mission of the Mint
With roots in La Casa de Moneda de México dating back to the early 1500s, this was the first mint in the Americas. Banco de México, its modern descendent, now produces some of the world’s most beautiful gold and silver coinage.
Banco de México makes significant efforts to maintain its status as a respected mint around the world. This allows it to fulfill its mission of preserving the value of Mexico’s currency and, in turn, improving the well-being of Mexico and its citizens. Meeting the goals of its vision allows it to remain a trustworthy and accountable financial institution. The new and old products have significant value and are desired by collectors and investors alike.
