April 12, 2024
Mexico 5 Pesos 1948 Chief Cuauhtemoc 90% Silver Dollar PLATA PURA CINCO PESOS
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1948 Mexico Cinco Pesos, "CUAUHTEMOC"(90% SILVER COIN, 30 GRAMS .8680 ASW) "Honest Money" Beautiful Coin Design & nice luster The coin you will receive is pictured below: Check out my other eBay items here!. Mexican coins have a very strong following. This is largely due to the fact that in the very recent past, there was a major event called " Error de Diciembre "(The December Error) which sent the peso into a devaluation that was supposed to be a 15% devaluation but quickly became over 50% devaluation! In addition, hyperinflation hit the country with 54% inflation rates! We in the USA should learn from our neighbors . Many believe that the recent FIAT currency collapses in Mexico and Argentina only signals the beginning of things to come . Mexican Coin Facts: Many of the more mature Mexicans remember the honest money of the past: when the coins actually stated the amount of silver contained in each coin. The old Mexican silver coins were a solid and "honest money". The Spanish Peso ("8 Reales" or "Pieces of Eight" was actually the first "world currency" which dominated the world for over 300 years! The Mexican Peso was legal tender in the USA until 1857. Mexican Coin Fact # 5: Pre-1960's Mexican Silver coins were honest and open about the silver content (eg: 30 Gramos LEY .900) Mexican Coin Fact # 55: Mexican Silver Pesos
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